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

Amazon
International Business Times Fews App News Provider
Fews App Post Time há 5h

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.

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