Amazon's AI Spending Keeps Rising. Andy Jassy Says Memory Costs Drove $20 Billion Capex Increase.

Source: International Business Times

The revised spending plan of Amazon highlights how the AI boom continues to reshape investment priorities across the technology industry. Getty Images Amazon expects to spend about $220 billion in capital expenditures in 2026, up from its previous estimate of around $200 billion, as rising costs for artificial intelligence memory chips drive higher infrastructure spending. Speaking during the company's second-quarter earnings call, CEO Andy Jassy said the rising cost of memory has become a major factor in Amazon's infrastructure spending as the company races to expand capacity for artificial intelligence workloads, Yahoo Finance reported.