Amazon and Alphabet Bet Big on AI. Why History Says It's Time to Buy Both Stocks - Overpasses For America

Amazon and Alphabet Bet Big on AI. Why History Says It's Time to Buy Both Stocks - Overpasses For America

Microsoft has backed off some leases recently with its data center buildout, both Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) look prepared to go full steam ahead. capital expenditures (capex) for artificial intelligence (AI) this fiscal year, but its fiscal year ends in June, only a couple of months from now. However, it’s pausing some early-stage projects, apparently because its needs and those of its AI partner OpenAI ar…

Don't Worry, AI Investors, the Artificial Intelligence Boom Is Still on -- But There Are Rising Dangers for Nvidia @themotleyfool #stocks $NVDA $GOOGL $AMZN $GOOG

Amazon CEO Andy Jassy Foresees Lower AI Costs Over Time Despite Aggressive Investments

Amazon CEO Andy Jassy just released his first annual shareholder letter. In it, he outlines the company’s latest initiatives and priorities heading into the new fiscal and calendar year. In acknowledgment of this new normal the e-commerce behemoth has weathered, Jassy introduced six major initiatives. These programs are aimed at improving departmental efficiencies and increasing innovation and competitiveness, with an emphasis on artificial inte…