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Amazon CEO Pledges AI Investments Will Drive Growth Amid 81% Surge in Capital Expenditures
Amazon’s CEO, Andy Jassy, is reassuring investors about the company’s significant investments in generative artificial intelligence (AI), aiming to secure a strong future payoff. Following Amazon’s third-quarter earnings report, Jassy highlighted how the success of Amazon Web Services (AWS) showcases the long-term potential of high-capital investments, despite considerable costs. Generative AI Driving Capital Expenditure Growth…