Amazon posts record profits again, promises $100 billion AI-heavy investment

Once profit-starved Amazon is now swimming in cash and plans to go on a $100 billion AI-focused spending spree. The company’s recent financial performance has been impressive, with record profits, and it is now looking to invest heavily in artificial intelligence. This significant investment is seen as a strategic move to capture what Amazon considers a ‘once in a lifetime opportunity’ in the AI sector. The company’s commitment to AI is further underscored by its plans to allocate substantial capital to this area, signaling a major shift in its business strategy. — news from Fortune