Amazon’s CEO plans to invest more than $100 billion this year, mostly in AI infrastructure — but could face challenges buying enough hardware and power.

As Amazon continues heavy investment in AI infrastructure, the company's CEO said the AI business is growing at a triple-digit year-over-year percentage.

Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Amazon said it plans to boost capital expenditures to $100 billion in 2025,

The company posted its Q4 2024 quarterly earnings results this week, which rounded out another strong quarter for its Amazon Web Services (AWS) division. AWS sales increased 19 percent year-over-year to $28.8 billion across Q4. Operating income for the unit was $10.6 billion, compared with $7.2 billion in Q4 2023.

The revenue figure for AWS can be found in Amazon’s Q4 2024 earnings report. Amazon Web Services, which provides server infrastructure for countless games, websites, and streaming services, brought in $28.8 billion in revenue, accounting for a solid chunk of the company’s overall $187.8 billion for the quarter.