12 Words From Amazon CEO Andy Jassy That Should Have Artificial Intelligence (AI) Investors Cheering
Andy Jassy recently spent some time justifying Amazon's growing AI infrastructure budget.
Overview
Amazon's (NASDAQ: AMZN) second-quarter earnings had investors on edge, fixated above all else on the company's capital expenditure (capex) outlook. This figure came in at roughly $220 billion for the full year, a meaningful increase from the previously stated $200 billion. According to management, higher memory costs are driving the surge.
The question hanging over Amazon's financials is whether such heavy spending can still be justified. During the earnings call, Amazon CEO Andy Jassy made some comments that offer a pointed answer.
Amazon CEO Andy Jassy. Image source: Amazon.com.
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Originally published at www.fool.com.
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