“Amazon plans to spend about $75 billion on capital expenditures in 2024 and expects an even higher number in 2025, driven primarily by generative AI: 'It is a really unusually large, maybe once-in-a-lifetime type of opportunity.'”

Andy JassyCEO

CEO, Amazon

Amazon's 2024 capital investments came in at roughly $83 billion, about 10% above the $75 billion Jassy cited two months before year-end; the accompanying call that 2025 would be higher was correct (2025 capex reached ~$131.8 billion).