Amazon CEO reveals AI revenue, dismisses spending doubts in annual letter
Why it matters: Amazon's $15 billion AI revenue lifts cloud profits, directly benefiting shareholders and enterprise customers.
- Amazon reports annualized AI revenue exceeding $15 billion, Jassy says, countering doubts about spending.
- Amazon’s custom chip division is thriving, adding another revenue stream to its cloud empire.
- Lilly partners with Amazon to stock its new weight‑loss pill at U.S. kiosks, offering same‑day delivery.
Amazon's cloud unit is now pulling in over $15 billion annually from AI services, a figure that CEO Andy Jassy cites to silence critics of the company's heavy tech spending. At the same time, Amazon's custom chip business is flourishing, and the retailer is expanding into health by stocking Lilly's new weight‑loss pill at its U.S. kiosks with same‑day delivery.
