Amazon Cloud Growth Continues As AI Revenue Soars

Benzinga

Amazon Web Services posted a 19% revenue increase in the third quarter, falling slightly below analysts' estimates. No Number: Amazon's AI segment within AWS has surpassed billions in annual revenue, more than doubling from the previous year. CEO Andy Jassy stated that demand for AWS exceeds current capacity, with chip shortages being the primary supply constraint. AWS leads the cloud market over Google and Microsoft, with each posting cloud revenue increases of 35% and 33%, respectively.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Amazon Web Services posted a 19% revenue increase in the third quarter, falling slightly below

00:07analysts' estimates.

00:09Amazon's AI segment within AWS has surpassed billions in annual revenue, more than doubling

00:14from the previous year.

00:16CEO Andy Jassy stated that demand for AWS exceeds current capacity, with chip shortages

00:21being the primary supply constraint.

00:23AWS leads the cloud market over Google and Microsoft, with each posting cloud revenue

00:28increases of 35% and 33%, respectively.

00:31For all things money, visit Benzinga.com slash GSTV.

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