Amazon Joins Microsoft In Pledge To Self-Fund Power Grids, While CEO Andy Jassy Questions OpenAI's 'Ambitious' Spending

Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy has committed the tech giant to funding its own massive energy needs for artificial intelligence (AI), aligning with a similar pledge from Microsoft Corp. (NASDAQ:MSFT) amidst growing political pressure to protect consumers from rising electricity bills.

Self-Funding Commitment

Speaking at Davos to CNBC, Jassy addressed concerns that the insatiable energy demands of AI data centers would burden ordinary ratepayers.

“We don’t expect other people to pay for us. We expect to fund the power that we need,” Jassy stated unequivocally.

This declaration follows Microsoft's recent pledge to adopt a “community-first” approach to infrastructure expansion after pressure from the Donald Trump administration to ensure tech giants bear their own data center power costs.

The unified front from Big Tech is supported by U.S. Energy Secretary Chris Wright, who recently argued that hyperscalers are eager to finance necessary grid upgrades themselves rather than socializing costs.

Addressing Grid Constraints

Jassy acknowledged the reality of a global power crunch facing the AI boom, noting that while the situation has improved over the last 18 months, energy is “still not as plentiful as we all need.”

To meet this “unprecedented” demand without stressing existing grids, Jassy highlighted Amazon’s strategy of pursuing unique solutions, including investments in nuclear capabilities and maintaining its status as the largest corporate purchaser of renewable energy over the last five years.

Skepticism On OpenAI’s Spending

While committing to his own massive infrastructure spend, Jassy cast subtle doubt on reports that rival OpenAI has signed deals for $1.4 trillion in infrastructure.

While calling the plans “ambitious” and “forward-thinking,” he admitted skepticism regarding the concrete nature of those figures.

“I have a harder time making sense of them all,” Jassy said, questioning how much was guaranteed spending versus mere options.

Grounding the AI frenzy in financial reality, he warned that in the history of substantial investments, “not all of them are successful” and “the hit rate is pretty variable.”

AMZN Stock Remains Positive So Far In 2026

Shares of AMZN have gained by 0.08% in 2026 so far. It is higher by 2.15% over the last six months and 2.24% over the past year.

On Tuesday, the stock closed 3.40% lower at $231.00 apiece.

Benzinga’s Edge Stock Rankings shows that AMZN maintains a weaker price trend over the short term but a strong trend in the medium and long terms, with a solid quality ranking.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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