Amazon Web Services CEO Matt Garman says the company will keep investing in capex. “Today, demand still significantly outstrips supply and we’re trying to build and invest to keep up with what customers are asking for.&quot; He talks to Bloomberg&#x27;s Ed Ludlow.<br>See omnystudio.com/listener for privacy information.

Amazon Web Services CEO Matt Garman Talks Capex Investment

Bloomberg Talks

[SPEAKER_00] AI is entering its most consequential phase where scale, safety and sovereignty will determine who leads and who lags. Join Bloomberg Tech in London on November 2nd and 3rd as global leaders across business, finance and policy examine the defining tradeoffs shaping the future of AI. Thank you to our presenting sponsor Salesforce and supporting sponsors IDA Ireland and Schneider Electric. Learn more at BloombergLive.com slash Tech London.

[SPEAKER_03] Bloomberg Audio Studios. Podcasts, radio, news.

[SPEAKER_01] AWS CEO Matt Garman joins us now on Bloomberg Television and Bloomberg Radio. Matt, it's great to have you back on the show. You know, this is the fastest growth for AWS in nearly five years, but to kind of capture a moment in time, could we start by talking about how much of that was driven by the frontier labs, the big ones, OpenAI Anthropic, or how much of it was something broader across the enterprise, something bigger in AI?

[SPEAKER_02] Yeah. Yeah. It's actually across the board, this growth that we're seeing right now. And much of that is some of the AI labs that are building their models on top of AWS. But actually, a lot of that growth is spread across all of our startup and enterprise customers, where AI is really impacting almost every single industry. And so whether it's financial services companies or healthcare companies or retail companies or media companies,

[SPEAKER_02] really that growth is coming across the board as companies of all different sizes and all different industries are looking to use AI to grow their business. And so we're seeing a lot of growth from the top frontier labs. But for AWS, we're not like some others maybe just concentrated on just one or two large customers.

Amazon Web Services CEO Matt Garman Talks Capex Investment

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Amazon Web Services CEO Matt Garman Talks Capex Investment

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.