Amazon is set to join the AI spending surge alongside Big Tech giants like Google and Microsoft..The e-commerce giant's capital investments for AI and cloud infrastructure rose 43% in Q2 to $16.41 billion..This surge represents a $1.5 billion increase from the previous quarter, highlighting Amazon's AI ambitions..Amazon Web Services faces growing competition from Microsoft's AI-powered Azure services..Despite increased spending, Amazon aims to maintain profitability through cost cuts and supply chain efficiencies..Read more stories.