Amazon CEO sees AI spending ‘meaningfully’ higher in 20270

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• October 29, 2026

Amazon is already spending a record amount on AI data centers. Next year will be even bigger. The world’s biggest cloud-computing company reported third-quarter results on Thursday and reiterated its plan for $220 billion in capital expenditure for 2026. Then, CEO Andy Jassy shared his outlook for next year, saying Amazon expects “to spend meaningfully