Amazon cloud unit’s annualised AI revenue exceeds $15 billion, CEO Jassy says
Amazon’s AI services at its cloud-computing unit are generating annualized revenue of more than $15 billion, CEO Andy Jassy said, the first time the company has reported numbers on a business it has backed with billions of dollars in investment.
The figure, based on first-quarter performance, represents roughly 10% of Amazon Web Services’ $142 billion revenue run rate and follows years of wait from investors and analysts.
