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Amazon's $100bn AI Bet Gambles Big on Redemption

Source: economist.com

Amazon is betting heavily on AI to turn around its struggling business, especially after recent setbacks.
The company plans to spend $100 billion on AI data centres and custom chips this year, far outpacing rivals.
Success could make Amazon the AI leader, but failure risks massive debt and investor backlash.

Amazon faces a make-or-break moment with its massive AI push after years of underwhelming returns on cloud computing and e-commerce. The article profiles CEO Andy Jassy's high-stakes strategy to deploy custom AI chips and build enormous data centres, aiming to leapfrog competitors like Microsoft and Google. It argues this unprecedented gamble - pouring more cash into AI than any other firm - might finally deliver redemption by dominating the booming AI market. Readers should care because it coul