Chart of the Week: How Amazon’s capex compares to all retailers in the FTSE 350
Amazon’s capex totalled $132bn in its last financial year. Put all of the spending of major UK retail businesses together, and you do not come close
Some retailers have worked closely with some of the makers of the major generative AI tools. It was notable that Walmart and Google stood together for a big announcement on agentic commerce in January, while OpenAI has had multiple partnerships with major commerce businesses.
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