Amazon's CEO Andy Jassy revealed the company expects to invest roughly $220 billion in capital expenditure in 2026 as it builds out AI infrastructure. Despite this enormous spending, Jassy said Amazon is still unable to meet all AI demand from customers. He believes the buildout could ultimately help AWS reach a $1 trillion annual run-rate business.
Jassy discussed Amazon's approach to deciding how much infrastructure to build, why lower costs matter for enterprise adoption, and how Amazon is using custom chips through its Annapurna Labs unit. He also outlined how AI is changing Amazon's internal operations, including smaller teams building products faster and efforts to rebuild Alexa.
The interview covered broader topics including Amazon's investments in Anthropic and OpenAI, how the company is reshaping its organization for AI speed, and Jassy's views on skills like cybersecurity and critical thinking becoming more important in the AI era.
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