Amazon's AWS aims at $1 trillion revenue, but must keep spending heavily

First reported 29 Oct, 23:42 UTCSource: TechCrunch + 1 moreLast editorial activity 29 Oct, 23:42 UTCWrite a comment ↓

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Amazon wants its cloud unit, Amazon Web Services, to become the first business to reach $1 trillion in revenue, its CEO said on Thursday. Reaching that goal, he indicated, will require the company to keep up its heavy capital expenditure.

Ambition centres on AI cloud computing

According to TechCrunch, Amazon intends to be the leading provider of AI cloud computing. The report presents the ambition as a path to a first-ever $1 trillion revenue business.

Spending must continue

The company's chief executive said on Thursday that reaching that scale depends on continuing its capital expenditure spending, a point the report carries as the central condition of the strategy.

Amazon Web Services, the unit at the centre of the plan, is a cloud computing company based in Seattle that was founded in 2006.

Open questions

What is the timeframe Amazon has set for reaching $1 trillion in revenue?
How large is the planned capital expenditure?

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Sources & evidence

TechCrunch Reporting source
AWS will be a $1T business, Jassy says — but first, it will spend big ↗
https://techcrunch.com/2026/10/29/aws-will-be-a-1t-business-jassy-says-but-first-it-will-spend-big/
TechCrunch AI Reporting source
AWS will be a $1T business, Jassy says — but first, it will spend big ↗
https://techcrunch.com/2026/10/29/aws-will-be-a-1t-business-jassy-says-but-first-it-will-spend-big/