Amazon Web Services Projects Trillion-Dollar Revenue, Accelerates AI Infrastructure Spending

Amazon Web Services (AWS) is projected to become a trillion-dollar revenue business within the next five to ten years, driven by accelerating capital expenditures to meet massive artificial intelligence (AI) infrastructure demand. During its third-quarter 2026 earnings call, Amazon CEO Andy Jassy stated that AWS revenue growth accelerated to 39.3% year-over-year, reaching an annualized run rate of $184 billion. The company is significantly increasing its investment in AI data centers, with Jassy noting that Amazon is installing an AI chip approximately every 14 seconds to keep pace with customer demand.