Amazon to spend up to $200 billion as it ramps up AI investment

Amazon’s cloud business delivered another strong quarter, with AWS revenue rising nearly 24% and beating Wall Street expectations. The performance underscores AWS’s central role in Amazon’s profits, ...

AI race sends Big Tech’s capital spending to stratospheric high

The spending planned by Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Microsoft Corp., all in pursuit of dominance ...