Amazon, built by retail, invests in its AI future ...Middle East

Amazon is planning to spend more than $100 billion over the next decade on data centers, an impressive level of investment even for a company known for its spending ways. The Seattle company is now devoting more investment money to its cloud computing and AI infrastructure than to its sprawling network of e-commerce warehouses. Amazon Web Services, the arm that manages Amazon’s cloud business, has opened data centers for years, but executives said there is a surge in investment now to meet demand triggered by the excitement around AI. “We have to dive in. We have to figure it out,” said John Felton, who took over as AWS’s chief financial officer this year after spending m

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Last updated : 30 June 2024 clock 02:20 PM

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