Amazon to boost spending on AI and other technology by $20 billion after strong Q2 results
Amazon said it will be increasing this year’s capital spending on technology, mostly artificial intelligence, by an additional 10% after the tech and e-commerce giant delivered strong profits and net sales during for fiscal second quarter, helped by surging growth in its prominent cloud computing unit.
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Amazon to boost spending on AI and other technology by $20 billion after strong Q2 results Why it matters: AI News is moving the AI stack right now, and this update helps explain what changed for builders. Source: Headtopics https://a2zai.ai/bytes/amazon-to-boost-spending-on...
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