AWS Could Become a $1 Trillion Business, Amazon CEO Says
Amazon's CEO Jassy said AWS could become the first $1 trillion revenue business, but Amazon must first keep spending heavily to get there. He made the comments on Thursday. Amazon wants to lead AI cloud computing, and its big spending is part of that push.
Quick glossaryAWS, capex
- AWS
- Amazon Web Services, Amazon's cloud arm, best known for renting computing power and online storage to businesses and apps.
- capex
- Money a company spends on buildings, computers and equipment that it will use for many years, not on daily running costs.
Burning Potato score: 68%