Amazon to cough $75B on capex in 2024, more next year

Amazon expects to spend $75 billion on capital expenditure in 2024 and even more in 2025 – mostly on its cloud computing business – due to rising demand for generative AI and as more customers ditch their on-premises workloads. The web services arm of Amazon (AWS) reported calendar Q3 net sales of $27.45 billion, up 19 percent …

[Wilf21]

I'm sure they can afford such capital expenditure out of the billions they avoid, everywhere, on tax.

[ecofeco]

That's just crazy commie talk! Everyone knows they should be given MORE tax breaks and outright cash!

[CowHorseFrog]

Exactly i dont believe in schools or hospitals or roads or fire engines or defense... thats all commie talk

[Anonymous Coward]

Capex? In before

Poster Jake starts up about IR35

[EricB123]

Easy Money

"Last year, capex was at a relatively paltry $48.4 billion."

I'm detecting a touch of sarcasm here.

[Tom66]

Re: Easy Money

Pfft. I found that rummaging behind the back of the sofa.

[David Hicklin]

Opposition is rising

Until the eco-warriors (and in the case go guys!) get met organised to stop them:

https://www.bbc.co.uk/news/articles/cz0mlrx0jxno

[JohnSheeran]

He we go with price hikes. Yay!

[CowHorseFrog]

How do they keep spending more on expansion if they cant afford to pay tax ?