Amazon Spent More Than $77 Billion on Artificial Intelligence Data Centers
Amazon spent more than $77 billion in the third quarter to expand its data centers for artificial intelligence services, surpassing analyst estimates.
Amazon.com Inc. announced that it spent more than $77 billion on real estate and equipment in the third quarter to meet the demand for artificial intelligence services. While these investments exceeded analyst estimates, the company's shares fell due to a slowdown in e-commerce growth.
Amazon.com Inc. announced that its real estate and equipment expenditures exceeded $77 billion in the third quarter as part of its efforts to build data center infrastructure for artificial intelligence services and meet demand. This realized capital expenditure exceeded analyst estimates in the market.
The company's third-quarter sales increased by 12 percent to $201.9 billion. However, this rate remained below expectations, indicating that growth in the core e-commerce business was at its slowest level in the last three years.
Sources
- bloomberg.com · Link