Amazon CEO touts AI chip business

The disclosure marks the first time Amazon has provided direct financial returns for its artificial intelligence hardware efforts, signaling a major strategic shift.

Jassy emphasized that Amazon's chips offer a lower-cost and more efficient alternative for AI workloads compared to current industry standards.

The company plans to continue its aggressive spending on AI infrastructure, defending a $200 billion capital expenditure strategy as essential for long-term growth.

Additionally, Amazon announced that its satellite internet service, Leo, is on track for a commercial launch in mid-2026, further expanding its technological footprint.