Amazon Web Services (AWS) has announced impressive growth figures, with a 20% year-over-year increase and a sales record of $33.1 billion in the first nine months of the year. This growth is primarily fueled by the soaring demand for cloud infrastructure services, especially in the AI sector.
According to AWS CEO Andy Jassy, the company is experiencing its highest growth rate since 2022, with a re-acceleration to 20.2% year-over-year. AWS has been actively expanding its capacity, adding over 3.8 gigawatts in the last 12 months.
During the third quarter, AWS expanded its presence by launching an infrastructure region in New Zealand and has plans for three more regions. The company also secured significant partnerships, including collaborations with AI browser company Perplexity and Cursor.
Competitors like OpenAI, Oracle, Google, and Anthropic have also made substantial deals in the cloud computing space, underlining the industry’s high stakes. Despite concerns about potential overcapacity and market saturation, cloud providers like AWS are capitalizing on the willingness of customers to invest heavily in cloud services.
Source: TechCrunch