AWS will be a $1T business, Jassy says. But first, it will spend big.
Summary
Amazon chief executive officer Andy Jassy stated that the cloud computing division requires significant infrastructure spending to reach the milestone of one trillion dollars in revenue. The company aims to establish market leadership in artificial intelligence cloud services through these large investments.
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: Read the full story at TechCrunch
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