Amazon Joins Microsoft In Pledge To Self-Fund Power Grids, While CEO Andy Jassy Questions OpenAI's 'Ambitious' Spending

Core Viewpoint - Amazon.com Inc. CEO Andy Jassy has committed to self-funding the energy needs for AI, aligning with Microsoft's similar pledge amid political pressure to protect consumers from rising electricity costs [1][2]. Self-Funding Commitment - Jassy emphasized that Amazon will not rely on others to cover its energy costs, stating, "We expect to fund the power that we need" [2]. - This commitment follows Microsoft's "community-first" approach to infrastructure expansion, responding to pressure from the Trump administration [3]. Addressing Grid Constraints - Jassy acknowledged the global power crunch due to the AI boom, noting that while conditions have improved, energy is still not as abundant as required [4]. - Amazon's strategy includes investments in nuclear capabilities and maintaining its position as the largest corporate purchaser of renewable energy over the past five years [4]. Skepticism on Competitors - Jassy expressed skepticism regarding reports that OpenAI has signed deals for $1.4 trillion in infrastructure, questioning the validity of those figures [5][6]. - He highlighted the variability in the success of substantial investments, grounding the AI frenzy in financial reality [6]. Stock Performance - Shares of Amazon (AMZN) have seen a slight increase of 0.08% in 2026, with a rise of 2.15% over the last six months and 2.24% over the past year [9].