AI brief
Amazon CEO Andy Jassy said AWS will become a $1 trillion revenue business, and that reaching that goal will require continued high capital spending.
Why it matters: It signals Amazon plans to keep investing heavily to compete in AI cloud computing.
Written by AI from TechCrunch AI's published text.
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“Amazon wants to be the king of AI cloud computing and become the first $1 trillion revenue business. But to do that it will have to continue on its capex spending spree, its CEO said Thursday.”
Reporting from a publisher outside the organisation being covered.
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