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Revenue at Amazon Web Services (AWS) jumped 28% to $37.6 billion in the first quarter.
Amazon Web Services' Q1 revenue grew 28% to $37.6 billion, surpassing analyst expectations.
KEY POINTS
- Amazon deepened partnerships with OpenAI and Anthropic, securing exclusive model and investment deals.
- Amazon's Q1 capital expenditures rose 76% year-over-year to $44.2 billion, beating estimates.
- Anthropic committed to spending over $100 billion on AWS services over the next decade.
- AI services at AWS are now generating more than $15 billion in annualized revenue.
COMPANIES
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