Content overview: “Amazon Joins Big Tech AI Spending Surge as Wall Street Worries About Data Center Costs”. Amazon on Thursday announced a sharp increase in capital expenditures for artificial intelligence, joining Microsoft, Alphabet, and Meta in a spending blitz that is rattling investors. The e-commerce and cloud giant said it would pour billions more into data centers and AI infrastructure, even as it The e-commerce and cloud giant said it would pour billions more into data centers and AI infrastructure, even as its stock price slipped in after-hours trading.
Wall Street is growing concerned that the massive outlays may not pay off quickly enough, especially as the costs of building and powering advanced AI systems continue to climb. The move underscores how the biggest tech companies are locked in an arms race to dominate generative AI, with Amazon aiming to keep pace in the cloud computing market where it competes with Microsoft's Azure and Google Cloud. The full version stays on the original page, which this listing opens directly.