Annual letter: Andy Jassy says AWS' AI revenue has hit a $15B annual run rate as of Q1 and that Amazon's internal chips business is generating $20B+ per year (Todd Bishop/GeekWire)
Why it matters: Amazon's $15B AI revenue and $20B chip business underscore its growing infrastructure dominance, while Kuiper's delay impacts its space internet timeline.
- AWS' AI revenue has hit a $15 billion annual run rate as of Q1, according to Andy Jassy's letter (GeekWire).
- Amazon's internal chips business is generating over $20 billion per year (GeekWire).
- Amazon's space-internet service, Project Kuiper (Leo), will launch in mid-2026, experiencing delays despite FCC approval for 3,236 satellites (The Verge via TechMeme).
Amazon CEO Andy Jassy's annual letter reveals AWS' AI revenue has reached a $15 billion annual run rate as of Q1, while Amazon's internal chips business is generating over $20 billion annually. Despite these successes, the company's space-internet service, Project Kuiper (Leo), faces delays, with a new launch target of mid-2026 for its 3,236 FCC-approved satellites.
