Amazon's chief executive told employees that artificial intelligence could help the company's cloud computing division reach $600 billion in yearly revenue within the next decade. This projection is twice what CEO Andy Jassy previously estimated for Amazon Web Services.
Amazon’s chief executive believes artificial intelligence will dramatically boost the company’s cloud computing revenues, potentially reaching $600 billion annually by 2036.
During a company-wide employee meeting this week, CEO Andy Jassy shared his updated revenue projections for Amazon Web Services, the tech giant’s cloud division.
“I’ve been thinking for the last number of years that AWS, call it 10 years from now, could be about a $300 billion annual revenue, run rate business,” Jassy told staff members. “I think what’s happening in AI that AWS has a chance to be at least double that.”
The Tuesday gathering was part of Amazon’s routine employee briefings, where leadership discussed various business units including drone delivery services, advertising revenue, and Amazon Fresh grocery operations.
Amazon Web Services generated $128.7 billion in revenue during 2025, marking a 19% increase from the previous year. Jassy’s ambitious forecast would require maintaining an average annual growth rate of approximately 17% over the coming decade.
The CEO did not provide specifics about how these projected revenues might be allocated across different services. Amazon representatives have not yet responded to requests for additional details.
Following the news, Amazon’s stock price climbed roughly 1% to reach $213.87 per share.
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