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Amazon plans to increase capital expenditure to $100 billion this year, mainly for the development of AI technology
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3 hours ago 2,641
According to Golden Finance, Amazon said on February 6 local time that it plans to increase its capital expenditure to US$100 billion in 2025, with spending approximately US$83 billion last year. Amazon CEO Andy Jassy said in an earnings call that most of the capital expenditure is spent on the development of AI technology by its cloud computing division AWS. (Interface News)
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