February 6, 2025:
Amazon Bets Big on AI with $100B Plan - Amazon is set to invest over $100 billion in AI by 2025, primarily to enhance AWS capabilities. This strategy mirrors efforts by other tech giants like Meta, Alphabet, and Microsoft, who are also increasing their AI spending.
While there are concerns that cheaper AI technology might lower revenues, Amazon CEO Andy Jassy believes reduced costs will boost demand, akin to past tech advancements. Industry leaders support this view, expecting more AI use cases as expenses decrease, betting on Jevons Paradox to drive higher demand and spending.
