00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Amazon plans to invest about $100 billion in artificial intelligence initiatives this year,
00:06surpassing Microsoft and Alphabet, according to Benzinga.
00:09CEO Andy Jassy announced the move during the company's fourth quarter earnings call,
00:13noting $26.3 billion was already spent in the fourth quarter of 2024 across all business areas.
00:19Most of the 2025 investment will go to Amazon Web Services,
00:22which operates data centers and cloud tools.
00:24Amazon reported $187.8 billion in Q4 revenue.
00:27Up 10% year-over-year, slightly beating forecasts.
00:31The company expects lower sales next quarter.
00:33Shares drop 4.05% after hours to $229.16, after rising 1.13% during the day.
00:41For all things money, visit Benzinga.com.
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