{"id":2143,"date":"2026-04-10T04:09:08","date_gmt":"2026-04-10T04:09:08","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/2143\/"},"modified":"2026-04-10T04:09:08","modified_gmt":"2026-04-10T04:09:08","slug":"in-capex-manifesto-amazon-ceo-defends-billions-in-ai-investments","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/2143\/","title":{"rendered":"In CapEx Manifesto, Amazon CEO Defends Billions in AI Investments\u00a0"},"content":{"rendered":"

An indie rock band from New Zealand, Thomas Edison and the New York Rangers each had a cameo in Amazon CEO Andy Jassy\u2019s latest letter<\/a> to shareholders. In a sprawling manifesto published Thursday, Jassy shared his early aspirations to be a sportscaster, deployed a medley of golf terms and took a few swipes at competitors. He also doubled down on the company\u2019s massive AI spending.\u00a0<\/p>\n

AI is a \u201conce-in-a-lifetime opportunity where the current growth is unprecedented and the future growth even bigger,\u201d Jassy wrote. Translation: What bubble? Of course, he has to say that. In early February, Amazon said it expected to spend $200 billion in 2026 as it pumps money into AI innovation. Investors hated the idea, and the stock price still hasn\u2019t fully recovered.\u00a0<\/p>\n

\u201cWe\u2019re not investing approximately $200 billion in capex in 2026 on a hunch,\u201d Jassy\u2019s now promising them.\u00a0<\/p>\n

The Old One-Two\u00a0\u00a0<\/p>\n

The Amazon leader took a page out of the Regina George playbook (ahem, burn book) as he went after Nvidia, doling out back-handed compliments. \u201cWe have a strong partnership with NVIDIA, will always have customers who choose to run NVIDIA, and we will continue to make AWS the best place to run NVIDIA,\u201d Jassy wrote, simultaneously signaling that the end of Nvidia\u2019s chip dominance may be just around the corner. \u201cCustomers want better price performance,\u201d he said, and Amazon\u2019s Trainium chip can deliver.\u00a0<\/p>\n

Jassy\u2019s 5,000-word manifesto had plenty of shade left over for the rest of the Valley:\u00a0<\/p>\n

The CEO also namedropped Intel. \u201cIn the CPU space, virtually all of the workloads ran on Intel chips until we invented Graviton in 2018,\u201d he wrote. Graviton, Amazon\u2019s CPU chip, \u201cis now used expansively by 98% of the top 1,000 EC2 (Elastic Compute Cloud) customers.\u201d Rubbing salt in the wound, Jassy added that two large AWS customers have asked if they could buy all Amazon\u2019s Graviton instance capacity this year. (The answer was no: \u201cWe can\u2019t agree to these requests given other customers\u2019 needs, but it gives you an idea of the demand,\u201d Jassy said.)\u00a0<\/p>\n

Jassy didn\u2019t directly take aim at Elon Musk or his companies, but he did say that Amazon Leo, the company\u2019s low Earth orbit satellite network, is scheduled to launch in mid-2026. Leo\u2019s main competitor is SpaceX\u2019s Starlink, which typically offers users download speeds of 45 to 280 Mbps and upload speeds of 10 to 30 Mbps. Amazon previously promised<\/a> download speeds up to 1 Gbps and upload speeds up to 400 Mbps.\u00a0<\/p>\n

Staying Strong: Sticks and stones aren\u2019t hurting Intel. The semiconductor\u2019s stock has soared nearly 50% since the end of March amid news it would join Musk\u2019s Terafab AI chip project and buy back Apollo Global Management\u2019s stake in its Ireland chip plant. On Thursday, stockholders got another win with the announcement that Intel is expanding a chip partnership with Google.<\/p>\n","protected":false},"excerpt":{"rendered":"An indie rock band from New Zealand, Thomas Edison and the New York Rangers each had a cameo…\n","protected":false},"author":2,"featured_media":2144,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,321,1731,25,1647,2349,134,701],"class_list":{"0":"post-2143","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ai","8":"tag-ai","9":"tag-amazon","10":"tag-andy-jassy","11":"tag-artificial-intelligence","12":"tag-capital-expenditures","13":"tag-hyperscalers","14":"tag-technology","15":"tag-wall-street"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/2143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=2143"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/2143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/2144"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=2143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=2143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=2143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}