Mmastodon TechnologyAI first seen 13 h ago, last 13 h ago, peak #12
AWS CEO Jassy says unit will become $1 trillion business
Original: 🤖 AWS will be a $1T business, Jassy says — but first, it will spend big Amazon wants to be the king of AI cloud computin
Amazon Web Services CEO Matt Jassy said Thursday that AWS is on a path to becoming a $1 trillion revenue business, but the goal requires continued heavy capital spending. Amazon is aggressively investing in data centres and infrastructure to lead the AI cloud computing market, making its massive capex outlays a central talking point among investors and tech watchers.
Why now: Amazon's huge AI-related infrastructure spending and its $1 trillion ambition are under scrutiny following the CEO's latest comments
Amazon Web ServicesAmazonMatt Jassy
Evidence
- 🤖 AWS will be a $1T business, Jassy says — but first, it will spend big Amazon wants to be the king of AI cloud computing and become the first $1 trillion revenue business. But to do that it will have to continue on its capex spending spree, its CEO said Thursday. 📰 Source: AI… · feed@igeek.gamer-geek-news.com
API: https://socialmediatrends-api.osmike.com/v1/trends/4428742