Amazon CFO expects full-year capex to hit $125B in 2025

Core Insights - The company expects its full-year capital expenditure (capex) to be approximately $125 billion, with an anticipated increase in 2026 primarily directed towards AWS to support AI demand [1] - The company is also investing more in its in-house AI chips called Tranium, although this investment trails Microsoft's annual capex spend of $140 billion [1] - The CEO discussed a significant AI investment project named "Project Rainer," which involves collaboration with Anthropic [2]