Amazon set to join Google, Microsoft's spending surge as AI race heats up

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Amazon set to join Google, Microsoft's spending surge as AI race heats up - Business Standard

Quick Summary:

The e-commerce giant's capital investments - mostly for building cloud and generative AI infrastructure - is expected to have risen 43 per cent in the second quarter to $16.

In response, Amazon has partnered with the likes of Anthropic and offered startups free credits that cover the cost of using major AI models to boost the market share of its AI platform Bedrock.

But, Morgan Stanley analysts said: "AWS needs to grow 18 per cent+ in order to ...ensure investors of AWS's (AI) positioning and its ability to generate high-teens growth through this heavy capex investment period.