Brief · Finance

Amazon CEO sees AI spending 'meaningfully' higher in 2027

Reported by Business Insider Personal Finance ·

Amazon CEO Andy Jassy Michael Nagle/Bloomberg via Getty Images Amazon reported third-quarter earnings on Thursday. Amazon stuck with its $220 billion capex forecast for 2026. CEO Andy Jassy expects the company to spend "meaningfully more" next year. Amazon is already spending a record amount on AI data centers. Next year will be even bigger. The world's biggest cloud-computing company reported thi

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