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AWS will be a $1T business, Jassy says. But first, it will spend big.
Source: TechCrunch
Artificial IntelligenceTechnology & InnovationCompany FundamentalsCorporate Guidance & Outlook
Amazon CEO said Thursday that continued heavy capital spending will be necessary for the company to pursue its ambition of leading AI cloud computing and becoming the first $1 trillion-revenue business. The article provides no spending figures or timeline.
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