Amazon’s massive investment in AI has created doubts about future profitability despite record sales growth, following publication of the tech giant’s latest financial results.Amazon’s CFO, Brian Olsavsky, mentioned that there is likely to be a further surge in capital spending throughout the second half of the year, including considerable investments in cloud infrastructure. He also stated that the company is working on supply chain efficiencies and ensuring that supply meets demand, particularly in AI.
Amazon’s massive investment in AI has created doubts about future profitability despite record sales growth, following publication of the tech giant’s latest financial results.Amazon’s CFO, Brian Olsavsky, mentioned that there is likely to be a further surge in capital spending throughout the second half of the year, including considerable investments in cloud infrastructure. He also stated that the company is working on supply chain efficiencies and ensuring that supply meets demand, particularly in AI.