Amazon reveals plans to spend $200bn in one year day after Bezos guts Washington Post
AI Summary
Amazon plans to invest $200 billion in capital expenditures in 2026, primarily focusing on artificial intelligence, robotics, and other technologies. This announcement follows Amazon's fourth-quarter earnings report, which revealed a 14% revenue increase to $213.4 billion, although earnings per share slightly missed Wall Street estimates. The company anticipates strong long-term returns on these investments, joining other tech giants in a significant AI spending surge. This news comes a day after the Washington Post, owned by Amazon founder Jeff Bezos, announced layoffs affecting approximately a third of its employees. Despite the increased revenue and AI investment, Amazon's stock experienced a decline in after-hours trading.
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