Andy Jassy Said Amazon Isn't Investing $200 Billion in AI "On a Hunch." Amazon's Own Trainium Chip Business Is Already Running at a $20 Billion Annual Pace.

Amazon's $200 billion AI investment is backed by strong fundamentals, including its Trainium chip business running at a $20 billion annual revenue pace with $225 billion in pre-committed customer contracts. The custom chip operation is growing at triple-digit percentages and offers better performance-per-dollar than competitors, allowing Amazon to build a more controlled and cost-efficient AI supply chain.