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AWS commits rrecord $75B in capex for 2024, fueled by generative AI and cloud demand

To meet growing demand for generative AI and cloud migrations, Amazon’s AWS plans a massive $75 billion capital expenditure this year. CEO Andy Jassy highlights that major enterprises are rapidly adopting cloud and AI applications, prompting AWS to expand its infrastructure significantly. With Q3 operating profits up by 50%, AWS is advancing its growth in an increasingly competitive landscape.

 

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