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Amazon CEO Andy Jassy discusses AWS and AI capacity needs.
AI

Amazon CEO Andy Jassy: Expanding AWS Capacity for AI

In the Q2 2024 earnings call, Amazon CEO Andy Jassy stated that the company is investing heavily in AI and seeks additional AWS capacity to meet the surging demand. He emphasized the multi-billion ...

AI boomGraph showing AWS revenue growth due to AI market demand

AWS Revenue Surges 19% Amid AI Boom, But Amazon Stock Takes Hit

Amazon Web Services (AWS) reported $26.3 billion in net sales, a 19% increase, reflecting the rise in demand for AI solutions. However, Amazon's stock is impacted by lower-than-expected revenues an...