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.

AWS will be a $1T business, Jassy says. But first, it will spend big.

Comments (0)

Related news

Skydance’s JB Perrette Reveals His Full Leadership Team, Announces Departures of Several Execs Not Joining Following the Paramount-Warner Bros. Merger

Byron Allen Earns Profit After Selling All the Starz Stock He Bought From Steven Mnuchin

Amazon reported booming cloud revenue but otherwise missed expectations

Reddit shares sink on weak sales guidance and plans login requirement test as Google search traffic shrinks

Rivian third-quarter earnings beat estimates as software revenue, R2 deliveries rise

People Inc. Lays Off 195 Staffers, About 6% of Workforce, With CEO Citing ‘Rapid Changes in Media’

OpenAI-backed Thrive Holdings acquires ADT

Where was my invite to the — wait, what? Airbnb had a gala?

IRS CEO Bisignano donates to Trump Accounts in his childhood Brooklyn ZIP code

Amazon to report Q3 earnings after the bell with AI spend under scrutiny

Neon Coast Names Nikki Boon Chief Creative Officer

Juliana Stock Exiting as A+E’s Marketing and Digital Chief to Become Hearst Magazines President

Doordash to buy Instacart in $17bn deal it says will expand customer options

Agent identity startup Mintive lands Cowboy Ventures, Coatue, angels Jeff Dean, Andrej Karpathy

Banks and healthcare firms are outbidding tech for software talent, major recruiter says

Gerry Cardinale’s RedBird and Guy Oseary’s Sound Ventures Team on $1 Billion Fund Targeting Tech, Media and Culture Investments

Who will you learn from in 6 days at TechCrunch Founder Summit? Meet the founders and investors taking the stages

Deepgram acquires Pipecat-maker Daily to bolster its voice AI infrastructure

TelevisaUnivsion Q3 Buoyed by World Cup in Mexico, Streaming Revenue

Poundland on brink of administration, with 12,000 jobs at risk

Restaurant Brands reports mixed results as Burger King's U.S. turnaround shows signs of success

Lloyds executive criticises Healey for linking bank tax rises to energy bill support

Merck tops quarterly estimates, hikes profit outlook as new form of Keytruda shows strength

Poundland's future hangs in the balance as chain edges towards collapse