Amazon CEO defends AI spending spree, compares to early AWS bet
Amazon CEO Andy Jassy defended the company's massive AI infrastructure spending, comparing it to the early investment in AWS. He argued that returns will follow once revenue catches up with capital expenditure, urging investors not to fear the spending spree.
Key facts
- Amazon CEO Andy Jassy compared AI infrastructure spending to early AWS investment.
- Jassy said returns will follow when revenue catches up with spending.
- The statement was made in response to concerns about Amazon's AI capital expenditure.
Entities
Institutions
- Amazon
- AWS
Sources
- Quartz —