“The reality right now is that while we’re investing a significant amount in the AI space and [on] infrastructure, we would like to have more capacity than we already have today,” Jassy said on Thursday’s Q2 2024 earnings call. “We have a lot of demand right now, and I think it’s gonna be very, very large business for us.”

Earlier, Jassy said that AWS’ AI business has a “multi-billion dollar revenue run rate.”