Amazon plans to invest $200 billion this year, marking its largest-ever capital expenditure, in an effort to regain the initiative in artificial intelligence. The focus will be on AWS data centers, its self-developed Trainium chips, and the Nova model. However, investors are concerned about slow returns, with the stock price falling more than 20% from its peak. Internal anxiety is spreading: AWS is reportedly lagging in securing orders, the company’s self-developed models have been mockingly referred to as ‘Amazon Basics,’ and engineers reportedly prefer using the competitor product Claude.