Amazon CEO Jassy defends $200 billion AI spend: 'We're not going to be conservative'

So Andy Jasse is more bullish than we've really ever heard him on AI and Amazon's custom semiconductors. In his annual letter out this morning says we are not going to be conservative in how we play this. Amazon disclosed for the first time that AI cloud revenue has hit $15 billion.That's the annual run rate. Jasse addresses the mega spending plans which have also been a drag on the stock this year. CEO says they're not spending $200 billion in capex in 2026 on a hunch.He says the momentum is real. has neve ...