Amazon Launches $200 Billion Capital Spending Program

Amazon is undertaking its largest-ever capital spending program, set to reach $200 billion in 2025, the Financial Times reported Saturday, citing more than a dozen current and former senior employees. CEO Andy Jassy said spending will focus on computing infrastructure as a strategic reset to bolster AWS amid competition for AI cloud contracts; AWS generated nearly $130 billion in sales last year and over 60% of Amazon’s profits.