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NewsWPLG Local 10 – Main FeedJuly 30, 2026United States

Amazon to Increase Technology Spending by $20 Billion

Photo: WPLG Local 10 – Main Feed

Amazon plans to boost its capital expenditure on technology, specifically artificial intelligence, by $20 billion this year. This decision follows a strong second quarter performance driven by growth in the company's cloud computing division.

TechnologyArtificial IntelligenceBusinessFinanceCloud Computing
Read the full story at WPLG Local 10 – Main Feed

Why It Matters

Amazon's increased investment in AI infrastructure will likely accelerate the deployment of new cloud-based services and automated technologies for its global customer base.

Key Facts

  • Amazon is increasing its capital spending on technology by $20 billion this year.
  • The spending increase represents a 10% rise in capital expenditure.
  • The primary focus of the increased spending is artificial intelligence.
  • The decision follows strong profits and net sales reported in the fiscal second quarter.
  • Growth in Amazon's cloud computing unit was a primary driver of the strong financial results.

Who's Mentioned

OrganizationAnthropic“Partner of Amazon.”OrganizationWalmart“Competitor in retail revenue rankings.”OrganizationMeta“Partner of Amazon.”locationNew York“Location of the news report.”OrganizationAlphabet“Parent company of Google; mentioned for industry comparison.”OrganizationOpenAI“Partner of Amazon.”OrganizationAWS“Amazon's cloud computing unit.”PersonAndy Jassy“CEO and President of Amazon.”PersonDonald Trump“President whose trade policies are cited as a factor in tariff costs.”OrganizationAmazon“The primary subject of the report regarding financial performance and spending.”OrganizationMicrosoft“Mentioned for industry comparison regarding cloud business and AI spending.”