Amazon bullish on AWS growth, signals more investment in generative AI
Tech giant’s cloud computing arm grew customer base in Q2 despite cost-cutting among users
In its second-quarter earnings, Amazon recorded 12% year-on-year revenue growth to $22.1 billion for Amazon Web Services, its cloud computing arm. The business managed to add new customers and workloads despite seeing some users focus on cost-cutting due to the uncertain economic landscape.
Andy Jassy, CEO of Amazon, said it’s not easy to record double-digit growth on a business with an $88 billion revenue run rate.
“To still grow double digits on a base that size means that we’re acquiring a
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