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NewsWPLG Local 10 – Main FeedJuly 30, 2026United States

Amazon to Increase Technology Spending by $20 Billion

Amazon plans to boost its capital expenditure on technology, specifically artificial intelligence, by $20 billion this year. This decision follows a strong second quarter performance driven by growth in the company's cloud computing division.

technologyartificial intelligencebusinessfinancecloud computing
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Why It Matters

Amazon's increased investment in AI infrastructure will likely accelerate the deployment of new cloud-based services and automated technologies for its global customer base.

Key Facts

  • Amazon is increasing its capital spending on technology by $20 billion this year.
  • The spending increase represents a 10% rise in capital expenditure.
  • The primary focus of the increased spending is artificial intelligence.
  • The decision follows strong profits and net sales reported in the fiscal second quarter.
  • Growth in Amazon's cloud computing unit was a primary driver of the strong financial results.

Who's Mentioned

organizationAnthropic“Partner of Amazon.”organizationWalmart“Competitor in retail revenue rankings.”organizationMeta“Partner of Amazon.”locationNew York“Location of the news report.”organizationAlphabet“Parent company of Google; mentioned for industry comparison.”organizationOpenAI“Partner of Amazon.”organizationAWS“Amazon's cloud computing unit.”personAndy Jassy“CEO and President of Amazon.”organizationAmazon“The primary subject of the report regarding financial performance and spending.”organizationMicrosoft“Mentioned for industry comparison regarding cloud business and AI spending.”personDonald Trump“President whose trade policies are cited as a factor in tariff costs.”