LAS VEGAS — Amazon is pitching a future where AI works while humans sleep, announcing a collection of what it calls "frontier agents" capable of handling complex, multi-day projects without needing a ... ...

Core Insights - Amazon plans to invest up to $50 billion to expand its AI and advanced computing infrastructure [1] Investment Plans - The investment is aimed at enhancing Amazon's capabilities in artificial intelligence and advanced computing [1] - This significant financial commitment reflects the company's strategy to strengthen its position in the technology sector [1] Industry Impact - The move is expected to have a substantial impact on the AI and computing industry, potentially driving innovation and competition [1] - By increasing its investment in AI, Amazon aims to leverage advanced technologies to improve its services and offerings [1]

Group 1 - Alibaba's Hong Kong-listed shares surged over 6% to their highest point since 2021, with total gains year to date exceeding 107% [1] - The company plans to increase spending on AI models and infrastructure development, building on the previously announced investment of 380 billion yuan ($53 billion) over three years [2] - CEO Eddie Wu emphasized a commitment to a three-year, 380 billion yuan AI infrastructure initiative, with intentions to sustain and further increase investment in line with the strategic vision for the artificial superintelligence era [3]