Amazon's CEO joins Google, Meta and Microsoft in making it clear AI spending has only just begun.
Plus,
Secretary of State Marco Rubio returns from a tour of Central America that yielded some deals but also stirred tensions.
Rubio was under a lot of pressure to deliver quote unquote wins for Trump,
and these deals needed to be as flashy as Trump's campaign promises, which doesn't always lend itself well to diplomacy.
And a look at the long shot bets that could help make this super bowl weekend a record setter for the gambling industry.
It's Friday, February 7th.
I'm Luke Vargas for the Wall Street Journal and here is the AM edition of what's news,
the top headlines and business stories moving your world.
Today,
Amazon shares are slipping in off hours trading after the company's sales
and operating income projections fell short of Wall Street's expectations yesterday.
The tech giant also indicated
that it's doubling down on AI investments
and for a record amount of more than $100 billion in capital expenditures for the year,
with most of the increase from last year's $78 billion sum going to AI.
The rise of China's deep seq has sparked questions among investors on whether that spending spree is prudent,
but Amazon CEO Andy Jassy said yesterday that he saw AI as having the potential to propel historic change.
We think virtually every application that we know of today is going to be reinvented with inside of it.
And with inference being earlier this week, Google,