Amazon CEO Andy Jassy Defends $200 Billion AI Infrastructure Investment
Amazon CEO Andy Jassy defended the company's plan to spend $200 billion on capital expenditures this year, primarily for AI infrastructure. He compared it to Amazon Web Services' early growth and emphasized long-term returns despite short-term free cash flow concerns.
Tickers: $AMZN
Topics: AI Amazon Web Services (AWS) capital expenditures CEO commentary free cash flow