Amazon Stock Rises After Andy Jassy Reveals AWS AI Revenue, Defends $200 Billion Spend
Amazon.com shares jumped roughly 5% early Thursday, after CEO Andy Jassy’s annual letter to shareholders laid out unusual specifics about Amazon’s AI segment. Jassy pegged AWS’s AI services at over $15 billion annually, extrapolated from first-quarter trends, and put the company’s chips business above $20 billion a year.
