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The major theme over the past month in Big Tech and AI semiconductors has been the durability of demand: essentially, what is Big Tech ’s return on more than $150 billion in capex over the last twelve months , and if the companies can generate a substantial enough return from AI products to continue catalyzing GPU demand and revenue for Nvidia .
‘Don’t Get Left Behind’—Crypto Suddenly Braced For A ‘Game-Changing’ Trump Bombshell After Wild Bitcoin, Ethereum, Solana And XRP Price Swings It’s no wonder the four are boosting capex by more than 35% YoY, given positive outlooks on AI’s potential to drive revenue growth in the billions and how demand continues to outstrip GPU supply.”In the first half of 2024, Alphabet, Amazon, Meta and Microsoft spent nearly $104 billion in capex, up 47% YoY, with more than half of that total coming in Q2.
Jassy also discussed the challenges in managing a business of AWS’ scale, and delivering too little or too much capacity, saying AWS understands the balance and how to manage capacity “reasonably well” to ensure AWS deploys the “right amount of capacity."Just two questions on the AI CapEx.
in terms of thinking about where the opportunities are and making sure that we have the flexibility to deploy it, as makes the most sense.”people who bet on those early indicators tend to do pretty well,”“Right now, there's an industry debate raging around the CapEx requirements around Generative AI and whether the monetization is actually going to match with that.
Amazon continues to roll out AI services and features across its businesses, recently unveiling its AI-powered shopping assistant Rufus, to assist customers with e-commerce purchases. Amazon believes Amazon Q is the “most capable generative AI powered assistant for software development,” while it is also deploying AI and computer vision in fulfillment centers to optimize deliveries and uncover product defects.
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