Amazon is set to join the AI spending surge alongside Big Tech giants like Google and Microsoft..The e-commerce giant's capital investments for AI and cloud infrastructure rose 43% in Q2 to $16.41 billion..This surge represents a $1.5 billion increase from the previous quarter, highlighting Amazon's AI ambitions..Amazon Web Services faces growing competition from Microsoft's AI-powered Azure services..Despite increased spending, Amazon aims to maintain profitability through cost cuts and supply chain efficiencies..Read more stories.
Amazon is set to join the AI spending surge alongside Big Tech giants like Google and Microsoft..The e-commerce giant's capital investments for AI and cloud infrastructure rose 43% in Q2 to $16.41 billion..This surge represents a $1.5 billion increase from the previous quarter, highlighting Amazon's AI ambitions..Amazon Web Services faces growing competition from Microsoft's AI-powered Azure services..Despite increased spending, Amazon aims to maintain profitability through cost cuts and supply chain efficiencies..Read more stories.