business / news / / Times of India
Amazon CEO Andy Jassy defended the company's $200 billion AI spending plan for 2026.
Amazon revealed AWS's AI business has reached a $15 billion annualized revenue run rate.
KEY POINTS
- 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
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