Amazon announced it will spend as much as $200 billion this year on AI and cloud services, about double what it spent last year.
On Thursday, Feb. 5, Amazon held its earnings call, where company officials said they added nearly 4 GW of power over the past 12 months. By 2027, Amazon said it intends to double that number.
“…Our team is being aggressive, scrappy, and inventive and adding capacity as fast as we can,” said Andy Jassy, Amazon’s Chief Executive Officer. While Amazon and other tech companies are racing to ramp up AI technology, the company noted that energy costs can affect its earnings. As we have discussed, electricity is one of the largest ongoing expenses for data centers.
