{"id":247451,"date":"2026-01-23T07:22:17","date_gmt":"2026-01-23T07:22:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/247451\/"},"modified":"2026-01-23T07:22:17","modified_gmt":"2026-01-23T07:22:17","slug":"amazon-joins-microsoft-in-pledge-to-self-fund-power-grids-while-ceo-andy-jassy-questions-openais-ambitious-spending","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/247451\/","title":{"rendered":"Amazon Joins Microsoft In Pledge To Self-Fund Power Grids, While CEO Andy Jassy Questions OpenAI’s ‘Ambitious’ Spending"},"content":{"rendered":"\n

Amazon.com Inc. (NASDAQ:<\/a>AMZN<\/a>) CEO Andy Jassy has committed the tech giant to funding its own massive energy needs for artificial intelligence (AI), aligning with a similar pledge from Microsoft Corp. (NASDAQ:<\/a>MSFT<\/a>) amidst growing political pressure to protect consumers from rising electricity bills.<\/p>\n

Speaking at Davos to CNBC, Jassy addressed concerns that the insatiable energy demands of AI data centers would burden ordinary ratepayers.<\/p>\n

\u201cWe don\u2019t expect other people to pay for us. We expect to fund the power that we need,\u201d Jassy stated unequivocally.<\/p>\n

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This declaration follows Microsoft’s recent pledge to adopt a \u201ccommunity-first\u201d approach to infrastructure expansion after pressure from the Donald Trump administration to ensure tech giants bear<\/a> their own data center power costs.<\/p>\n

The unified front from Big Tech is supported by U.S. Energy Secretary Chris Wright, who recently argued that hyperscalers are eager to finance<\/a> necessary grid upgrades themselves rather than socializing costs.<\/p>\n

Jassy acknowledged the reality of a global power crunch<\/a> facing the AI boom, noting that while the situation has improved over the last 18 months, energy is \u201cstill not as plentiful as we all need.\u201d<\/p>\n

To meet this \u201cunprecedented\u201d demand without stressing existing grids, Jassy highlighted Amazon\u2019s strategy of pursuing unique solutions, including investments in nuclear capabilities and maintaining its status as the largest corporate purchaser of renewable energy over the last five years.<\/p>\n

Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it<\/a>?<\/p>\n

While committing to his own massive infrastructure spend, Jassy cast subtle doubt on reports that rival OpenAI<\/a> has signed deals for $1.4 trillion in infrastructure.<\/p>\n

While calling the plans \u201cambitious\u201d and \u201cforward-thinking,\u201d he admitted skepticism regarding the concrete nature of those figures.<\/p>\n

\u201cI have a harder time making sense of them all,\u201d Jassy said, questioning how much was guaranteed spending versus mere options.<\/p>\n

Grounding the AI frenzy in financial reality, he warned that in the history of substantial investments, \u201cnot all of them are successful\u201d and \u201cthe hit rate is pretty variable.\u201d<\/p>\n

See Also: Blue-chip art has historically outpaced the S&P 500 since 1995, and fractional investing is now opening this institutional asset class to everyday investors.<\/a><\/p>\n

Shares of AMZN have gained by 0.08% in 2026 so far. It is higher by 2.15% over the last six months and 2.24% over the past year.<\/p>\n","protected":false},"excerpt":{"rendered":"Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy has committed the tech giant to funding its own massive energy needs…\n","protected":false},"author":2,"featured_media":247452,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,5740,61307,363,364,144357,609,111,139,69,145],"class_list":{"0":"post-247451","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-amazon-com-inc","10":"tag-andy-jassy","11":"tag-artificial-intelligence","12":"tag-artificialintelligence","13":"tag-massive-energy","14":"tag-microsoft","15":"tag-new-zealand","16":"tag-newzealand","17":"tag-nz","18":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/247451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=247451"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/247451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/247452"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=247451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=247451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=247451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}