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WSJ What’s News

Big Tech Commits to Massive AI Outlays

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 7 February 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for Feb. 7. Amazon becomes the latest major tech company to double down on AI investments, even as the emergence of China’s DeepSeek leaves investors questioning the wisdom of that spending spree. Plus, the WSJ’s Vera Bergengruen recaps Secretary of State Marco Rubio’s five-country tour through Latin America and the Caribbean, which mixed dealmaking and diplomatic ruptures. And a look at the long-shot wagers behind a potential record-setting Super Bowl Sunday for sports-betting. Luke Vargas hosts.  Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:33.2

Amazon's CEO joins Google, Meta, and Microsoft in making a clear AI spending has only just begun.

0:41.1

Plus, Secretary of State Marco Rubio returns from a tour of Central America that yielded some deals, but also stirred tensions.

0:48.4

Ruby was under a lot of pressure to deliver, quote-unquote, wins for Trump.

0:52.8

And these deals needed to be as flashy as Trump's

0:55.9

campaign promises, which doesn't always lend itself well to diplomacy. And a look at the long-shot

1:00.7

bets that can help make this Super Bowl weekend a record-setter for the gambling industry.

1:05.9

It's Friday, February 7th. I'm Lou Vargas for the Wall Street Journal, and here is the AM edition of

1:11.3

What's News, the top headlines and business stories moving your world today.

1:19.0

Amazon shares are slipping in off-hours trading after the company's sales and operating

1:24.6

income projections fell short of Wall Street's expectations yesterday.

1:28.9

The tech giant also indicated that it's doubling down on AI investments and guided for a

1:34.5

record amount of more than $100 billion in capital expenditures for the year, with most of the

1:40.2

increase from last year's $78 billion sum going to AI.

1:45.3

The rise of China's deep seek has sparked questions among investors on whether that spending spree

1:50.7

is prudent. But Amazon CEO Andy Jassy said yesterday that he saw AI as having the potential

1:56.2

to propel historic change.

1:58.5

We think virtually every application that we know of today is going to be reinvented with

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