PYMNTS.com February 6, 2025
Amazon continues its push into artificial intelligence (AI) and robotics, signaling a shift in its retail and technology business strategies.
CEO Andy Jassy described AI Thursday (Feb. 6) as “the biggest opportunity since cloud and probably the biggest technology shift and opportunity in business since the internet.” The company is doubling down on AI investments, with a $26 billion capital expenditure for Q4 2024 dedicated to developing AI capabilities for Amazon Web Services (AWS), a level of spending expected to remain consistent throughout 2025.
“For those of us who are building frontier models, we’re all working on the same types of things, and we’re all learning from one another,” Jassy said in answer to a recent analyst question about his...
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