AWS installs an AI accelerator every 14 seconds and eyes $1 trillion annual revenue

What happened: Amazon CEO Andy Jassy said AWS will become a trillion-dollar business in five to ten years, with growth of 40 percent or more possible in 2027 or 2028, on Amazon's Q3 earnings call. Key numbers: AWS is on track for $184 billion annual revenue this financial year, with 39.3 percent year-over-year growth and Q3 revenue just short Why it matters: Jassy said AI workloads drive core AWS demand and that AI service margins are already well ahead of what core services achieved at a similar stage. AWS is growing much faster than Amazon's retail and operations, which rose six percent.

Amazon CEO Andy Jassy said AWS will become a trillion-dollar business in five to ten years, with growth of 40 percent or more possible in 2027 or 2028, on Amazon's Q3 earnings call.

Jassy said AI workloads drive core AWS demand and that AI service margins are already well ahead of what core services achieved at a similar stage. AWS is growing much faster than Amazon's retail and operations, which rose six percent.