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International Business Times
International Business Times
Technology

Amazon's AI Spending Keeps Rising. Andy Jassy Says Memory Costs Drove $20 Billion Capex Increase.

Andy Jassy Amazon Memory Yahoo Finance
The revised spending plan of Amazon highlights how the AI boom continues to reshape investment priorities across the technology industry. (Credit: Getty Images)

Amazon expects to spend about $220 billion in capital expenditures in 2026, up from its previous estimate of around $200 billion, as rising costs for artificial intelligence memory chips drive higher infrastructure spending.

Speaking during the company's second-quarter earnings call, CEO Andy Jassy said the rising cost of memory has become a major factor in Amazon's infrastructure spending as the company races to expand capacity for artificial intelligence workloads, Yahoo Finance reported.

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