Amazon, echoes rival Microsoft, says it can’t keep up with AI demand

Amazon.com Inc. warned investors that it could face capacity constraints in its cloud computing division despite plans to invest some $100 billion this year, with most of the money going toward data centers, homegrown chips and other equipment to provide artificial intelligence services.

Chief Executive Officer Andy Jassy, determined for Amazon to become an AI supermarket, is spending big to retain the company’s edge in cloud-computing services. Still, he warned growth would be “lumpy” and hinted Amazon could face capacity issues related to delays in getting hardware and not having sufficient electricity.