Amazon’s $110 billion cloud business is minting profits even amid the expensive Gen AI arms race—but for how long?

CEO Andy Jassy acknowledged that Amazon must sacrifice short-term profits by spending heavily on AI infrastructure that may pay off big later.

Tomas K - Moderator Tomas K - Moderator
Nov 1, 2024 - 03:00
Amazon’s $110 billion cloud business is minting profits even amid the expensive Gen AI arms race—but for how long?
CEO Andy Jassy acknowledged that Amazon must sacrifice short-term profits by spending heavily on AI infrastructure that may pay off big later. Read More
Read More