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

Amazon CEO Andy Jassy projects that the company’s cloud division, AWS, will eventually generate $1 trillion in annual revenue. To achieve this growth and lead in AI infrastructure, Amazon plans to maintain its high level of capital expenditure. This strategy highlights the intense competition for cloud dominance, as the firm prioritizes massive investments in data centers and hardware to support long-term expansion.