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Amazon to boost spending on AI and other technology by $20 billion after strong Q2 results
Amazon announced a $20 billion increase in capital spending on AI and technology this year, driven by strong Q2 profits and 37% growth in its AWS cloud computing unit. CEO Andy Jassy stated demand for capacity will outpace investments even in 2027, with $220 billion now planned for spending on AI, robots, semiconductors, and satellites.
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