Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%
1. Amazon's CEO reassures investors about generative AI investments. 2. Company's capex surged to $22.6 billion, mainly for AI. 3. Generative AI in AWS now generates multi-billion-dollar revenue. 4. Anticipated AI advancements expected to benefit business long-term. 5. Amazon's cloud services gaining more business for generative AI.