Amazon's early history was marked by criticism over its lack of profitability, but it has recently achieved a significant turnaround, posting a record-breaking $20 billion profit in Q4 2024. CEO Andy Jassy announced plans to significantly increase capital expenditures, investing $100 billion or more in 2025, primarily focused on artificial intelligence infrastructure. This shift positions Amazon to compete vigorously in the AI landscape, especially against rivals like Alphabet, which plans to spend $75 billion. Profits stem from various profitable business segments, including Amazon Web Services (AWS) and a burgeoning advertising business.
Even as recently as 2014, just a decade ago, the tech giant was unprofitable. But after posting a record-breaking $20 billion in profits during the fourth quarter of 2024 alone, almost double its $10.6 billion from the same quarter the prior year.
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