Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its AI investments.

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Amazon's forecasted spending in 2025 is 35% higher than 2024 and well above the $86 billion analysts expected.

Amazon’s chief executive had predicted the company would spend more in 2025 than the roughly $83 billion it spent last year.

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The e-commerce giant is pulling ahead of rivals in the AI investment race with plans for more than $100 billion in capital expenditures this year.

As the AI summit in Paris approaches, the US administration is taking a comparatively brakes-off approach on AI regulation. Can the UK and EU forge a leadership role on AI safety?