Amazon’s Andy Jassy bets on $200bn AI spending drive to revive AWS
Shake-up follows fears tech giant missed early AI boom as Microsoft and Google challenge cloud business
Shake-up follows fears tech giant missed early AI boom as Microsoft and Google challenge cloud business

Capital expenditure forecasts for 2026 were a third higher than Wall Street’s expectations

Chief executive Andy Jassy warns of further tariff policy uncertainty and who will bear the cost of them

Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

Deal could push AI start-up’s valuation above $500bn and involve it using the cloud giant’s chips

Chief executive Andy Jassy warns the company will cut roles ‘in the next few years’

AI start-up turns to three of its biggest suppliers in blockbuster $100bn funding round