'As fast as we install this AI capacity, we are monetizing it,' says Amazon CEO Andy Jassy

AWS has an open cash spigot for AI infrastructure, with Amazon CEO Andy Jassy telling investors the company has been monetizing compute capacity as fast as it brings it online and it plans to double capacity by the end of 2027.

"We’re growing at really an unprecedented rate. Yet, I think every provider would tell you, including us, that we could actually grow faster if we had all the supply that we could take,” he said on the company’s Thursday earnings call. “And so we are being incredibly scrappy around that. If you look in the last 12 months, we added 3.9 gigawatts of power. Just for perspective, that’s twice what we had in 2022....We expect to double it again by the end of 2027."

Jassy said Amazon plans to add datacenter capacity “as fast as we can” to meet the demand from customers to ...