# Amazon CEO Andy Jassy defended the company's $200 billion AI spending plan for 2026.

*business · news · 2026-04-12 · Times of India*

## Key points

- Amazon revealed AWS's AI business has reached a $15 billion annualized revenue run rate.
- A deal with OpenAI is backing over $100 billion of Amazon's AI infrastructure capex commitments.
- Amazon's custom chip business doubled to $20 billion annualized revenue in one quarter.
- Amazon is considering selling its custom chip racks to external customers, following Google's example.

**Companies:** Amazon
**Countries:** United States

[Read the full story on Times of India](https://timesofindia.indiatimes.com/technology/tech-news/after-amazon-stocks-worst-day-since-2022-ceo-andy-jassy-has-a-message-for-wall-street-were-not-going-to-/articleshow/130206602.cms)

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