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Amazon Commits Over $100 Billion to AI Development in 2025

Amazon.com Inc. plans to invest about $100 billion in artificial intelligence initiatives in 2025, surpassing competitors like Microsoft and Alphabet.
CEO Andy Jassy stated that Amazon's capital expenditures will focus heavily on Amazon Web Services, which supports AI infrastructure.
Despite a 10% revenue increase to $187.8 billion in the fourth quarter, Amazon anticipates lower net sales for the current quarter.
Amazon's stock fell 4.05% in after-hours trading, following mixed results from its fourth-quarter earnings report.

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