"Since 2024 started, Amazon has committed to about $10 billion apiece to data center projects in Mississippi, Indiana, Ohio and North Carolina as it builds up its infrastructure to try to keep up with other tech giants making leaps in AI. Amazon is competing with OpenAI, Google, Microsoft, Meta and others. In a conference call with industry analysts in May, Jassy said that the potential for growth in the company's AWS business is massive."
""If you believe your mission is to make customers' lives easier and better every day, and you believe that every customer experience will be reinvented with AI, you're going to invest very aggressively in AI, and that's what we're doing. You can see that in the 1,000-plus AI applications we're building across Amazon. You can see that with our next generation of Alexa, named Alexa+," he said."
Amazon will cut about 14,000 corporate jobs while ramping up spending on artificial intelligence. CEO Andy Jassy anticipated generative AI would reduce the corporate workforce in the next few years. Amazon reports more than 1,000 generative AI services and applications in progress or built and is investing in a $10 billion campus in North Carolina to expand cloud computing and AI infrastructure. Since 2024 began, Amazon committed roughly $10 billion apiece to data center projects in Mississippi, Indiana, Ohio and North Carolina. Impacted employees will be notified, given time to seek internal roles, and offered transition support.
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