Amazon (AMZN) CEO Andy Jassy Says Generative AI Boom Will Be Built On AWS

Amazon.com Inc. Chief Executive Officer Andy Jassy said his company’s cloud infrastructure will become an essential part of the generative artificial intelligence boom.

“While we’re building a substantial number of GenAI applications ourselves, the vast majority will ultimately be built by other companies,” Jassy said Thursday in the company’s annual letter to shareholders. “We’re optimistic that much of this world-changing AI will be built on top of AWS.”