Andy Jassy, president and CEO of Amazon, said that the company has expanded Alexa+ to millions of customers and made it much easier for software developers to write code with Kiro, Amazon's new agentic IDE. Moreover, it has launched Strands to make it easier to build AI agents and released Bedrock AgentCore to enable agents to be operated securely and scalably. "AWS continues to build a large, fast-growing, triple-digit year-over-year percentage, multi-billion-dollar business, with more demand than we have supply for at the moment," he said during the earnings call. Amazon reported cash capital expenditures of $31.4 billion in Q2 2025, with AWS remaining the primary driver. The company said this level of investment is likely to continue through the second half of the year. "We expect Q2 capex to be reasonably representative of our quarterly capital investment rate for the back half of this year," Amazon CFO Brian T Olsavsky said.