Amazon is betting a multibillion-dollar investment in robotics will yield near-term savings, Rafe Uddin of The Financial Times reports. Analysts expect Amazon to spend up to $25B of its $100B capex in 2025 on its retail network, focusing on automation and efficiency, amid the AI spending boom. The company seeks efficiencies across the business and to improve delivery times in the face of growing competition from low-cost rivals such as Temu.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- EBAY Earnings: eBay Plunges Over 8% on Weak Guidance Despite Beating Q4 Earnings
- Alphabet’s (GOOGL) Google Cuts Jobs in Cloud Unit to Boost AI Push
- Quantum Leap: Horizon Quantum enters letter of intent to go public
- AI Daily: Amazon introduces next-generation assistant Alexa+
- Amazon (AMZN) Releases an AI-Powered Alexa+ Upgrade