In Cloud Giant AI Race, AWS Surges
Virtualization Review, Wednesday, February 12th, 2025
After Microsoft seized on its OpenAI partnership to establish a solid leadership position in the cloud AI space, and Google quickly declared a "code red" emergency to catch up with first Bard and then Gemini, Amazon wasn't making as much news in AI. That has changed.
With all three leading cloud providers recently reporting their Q4 and full-year 2024 financial results, they have also revealed plans on further spending on AI, what the financial types refer to as CapEx or capital expenditure. Several announcements, financial reports and earnings calls all point to one thing: Amazon is now making more money and planning more AI spending. Data collected from various sources results in this full-year chart: