Amazon continues aggressive spending to expand AI infrastructure
AMZN Amazon.com Inc
$259.30 -0.35%
View chart & analysis → - 1Amazon recorded $46 billion in AWS revenue for the third quarter, achieving a 39% growth rate in AWS revenue for the third quarter.
- 2Amazon recorded a negative free cash flow of $42 billion over the past 12 months.
- 3CEO Andy Jassy predicted that AWS could become a $1 trillion revenue business within the next 5 to 10 years.
So what's the key point?
Amazon's cloud service revenue reached $46 billion. The company says this business will become a $1 trillion scale business in the future.
Source The Motley Fool +1 · View original ↗
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