| Mobile Web

Search results for Andy Jassy

AI & Enterprise

Amazon to step up AI investment despite $42.4 billion cash flow deficit

Amazon said it will sharply increase capital spending in 2027 as it accelerates investment in AI infrastructure, even as market concerns grow over weaker cash flow. The company maintained its forecast for $220 billion in cash capital expenditures this year and said 2027 spending would be significantly higher. Third-quarter cash capex reached $75.9 billion, mostly for AWS and AI infrastructure, while free cash flow over the past 12 months showed a $42.4 billion deficit.

AI & Enterprise

AI, not quantum computing, seen as nearer threat to encryption systems

Concerns are spreading as AI-driven cyberattacks surge and hacking incidents continue in many countries. Warnings are growing that advances in AI’s mathematical abilities could put internet encryption at risk, with some experts leaving open the possibility that AI could break key cryptographic technologies used to protect online bank accounts and databases. In South Korea, repeated hacks at financial firms have heightened alert. Companies are also accelerating moves into AI security products and services.

AI & Enterprise

AWS posts fastest growth in five years as third-quarter revenue jumps 39 percent

Amazon Web Services, the world’s largest public cloud service, showed its steepest growth in five years in the latest quarter. Amazon said AWS third-quarter revenue rose 39 percent from a year earlier to $46.0 billion, lifting its share of Amazon revenue to about 23 percent, a record. AWS operating profit rose 55 percent to $17.77 billion, above StreetAccount’s estimate. Amazon’s overall revenue and net profit missed FactSet-compiled forecasts.