Amazon increases AI spending to $220 billion for 2026
Amazon has raised its AI spending to $220 billion for 2026, a $20 billion increase from its February estimate.
The company’s AI spending plans have been driven by rising costs for memory chips.
Amazon’s increased spending is part of a larger trend, with AI spending increasing 500% since 2022.
The company believes it won’t have enough artificial intelligence capacity to keep up with demand even at the current spending rate.