Amazon Cloud Revenue Surges 19% as AI Business Booms 🚀

Amazon Web Services posted a 19% revenue increase in the third quarter, falling slightly below analysts' estimates. No Number: Amazon's AI segment within AWS has surpassed billions in annual revenue, more than doubling from the previous year. CEO Andy Jassy stated that demand for AWS exceeds current capacity, with chip shortages being the primary supply constraint. AWS leads the cloud market over Google and Microsoft, with each posting cloud revenue increases of 35% and 33%, respectively.