Amazon (AMZN) said it expects to spend over $100 billion in 澳洲幸运5官方开奖结果体彩网:capital expenditures this year, making it the latest tech giant to say it's ramping up investments in 澳洲幸运5官方开奖结果体彩网:artificial intelligence infrastructure. 

The $26.3 billion Amazon spent on capex 澳洲幸运5官方开奖结果体彩网:in the fourth quarter is “reasonably representative” of the rate it expects to spend in 2025, CEO Andy Jassy said on the company’s earnings call. That would bring Amazon's capex over $100 billion for the full year, the “vast majority” of which would go toward AI for 澳洲幸运5官方开奖结果体彩网:Amazon Web Services, he said.

That comes after Amazon recently rolled out Trainium2, the latest model of its in-house chips. The company is 澳洲幸运5官方开奖结果体彩网:working with Anthropic, the startup behind the Claude 澳洲幸运5官方开奖结果体彩网:large language model, to build a server containing hundreds of thousands of Trai🏅nium2 chips with significantly more computing power than the current Claude models were trained on. Looking ahead, Jassy said Amazon expects to preview even more powerful Traཧinium3 chips later this year. 

Amazon's plans to ramp spending on AI follow similar moves by its Big Tech peers. Just earlier this week, Google parent Alphabet (GOOGL) forecast 澳洲幸运5官方开奖结果体彩网:$75 biﷺllion in capital expenditures this year to support expanding its AI capacity. Last week, Meta (META) said it plans to invest 澳洲幸运5官方开奖结果体彩网:$60 billion to $65 billion this year, while Microsoft (MSFT) said it plans to spend $80🍎 billion on infrastructure in its 2025🍒 fiscal year.

“We're all learning from one another,” Jassy said Thursday, nodding to Amazon's U.S. rivals as well as Chinese AI startup DeepSeek, adding that Amazon has added DeepSeek models to its Bedrock and SageMaker💃 development platforms. “You have seen and will continue to see a lot of leapfrogging betw💯een us.”

The rapid rise of DeepSeek, which recently claimed to develop a competitive AI model for a fraction of the cost of stateside competitors, has raised concerns about American firms' spending on AI. However, Bank of America analysts said the development could be "澳洲幸运5官方开奖结果体彩网:AI's Sputnik moment," with growing competition pushing U.S. hyperscalers lꦬike Amazon to act with greater urgency anဣd raise their investments rather than pull back.

Shares of Amazon slid 4% in extended trading Thursday after the company's earnings call and its outlook missed estimates. The stock was up 40% over the past 12 months through Thursday’s close.