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Alphabet and Amazon are each pouring roughly 200 billion dollars into AI data centers, but their capex strategies look nothing alike, and one company is already translating that spending into growth at a pace that should make the other nervous.
Each company stands to benefit from booming cloud growth in its own way.
Amazon is reportedly closing in on a $7 billion deal for a startup with barely 100 employees and no disclosed revenue, and the real prize has nothing to do with the flashy video models everyone is talking about.