CNBC February 6, 2025
Key Points
– Amazon said it plans to boost capital expenditures to $100 billion in 2025, largely driven by AI investments.
– The company reported $83 billion in capital expenditures last year.
– Amazon has been racing to invest in AI as it faces increased competition from rivals including OpenAI and Google.
Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its investments in artificial intelligence.
The capex figure exceeds last year’s spending of roughly $83 billion. Amazon CEO Andy Jassy had predicted in October that the company’s 2025 capex would surpass last year’s figure, primarily driven by growth in generative AI.
“We spent $26.3 billion in capex in Q4, and...
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