AWS will be a $1T business, Jassy says. But first, it will spend big.

Amazon Web Services will reach $1 trillion in revenue, Amazon CEO Andy Jassy said Thursday. Jassy stated the company must continue significant capital expenditure spending to achieve that target. AWS is competing with Microsoft Azure and Google Cloud for dominance in AI cloud computing services.

• TechCrunch — AWS will be a $1T business, Jassy says. But first, it will spend big.

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