Good day, everyone, and welcome to the Amazon.com fourth quarter 2024 financial results teleconference. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question-and-answer session.

The revenue figure for AWS can be found in Amazon’s Q4 2024 earnings report. Amazon Web Services, which provides server infrastructure for countless games, websites, and streaming services, brought in $28.8 billion in revenue, accounting for a solid chunk of the company’s overall $187.8 billion for the quarter.

The expected $100 billion annual capex, up from $83 billion last year, also includes e-commerce warehouses and offices. Microsoft expects its 2025 capex to hit $80 billion, Google $75 billion, and Meta $65 billion. This year also saw the launch of Stargate, OpenAI's data center venture, which pledged to spend $100 billion 'immediately.'