“Our recent announcement on large language models and generative AI, and the chips and managed services associated with them, is another recent example,” he said.

If you believe that equation is going to flip, which we do, it’s going to move to the cloud, and having the cloud infrastructure offering the broadest functionality by a fair bit, the best security, and operational performance, and the largest partner ecosystem bodes well for us moving forward.”Įven so, Amazon is far from done inventing at AWS, Jassy said. And people sometimes forget that 90-plus percent of global IT spend is still on premises. The product innovation and delivery is rapid and compelling. “The set of ongoing migrations of workloads to AWS is strong. “The new customer pipeline looks strong,” he said.

One of the great attributes of the cloud is that you can scale seamlessly up or down if demand dictates, which is not the case with on-premises infrastructure.”ĪWS and the cloud are proving to be key ways to help customers spend less during this challenging time, Jassy said. “They tell us that most of it is cost optimizing versus cost cutting, which is an interesting distinction because they say they’re cost optimizing to reallocate those resources on new customer experiences. “Customers are looking for ways to save money however they can right now,” Jassy said. Jassy, in his prepared remarks Thursday during Amazon’s fiscal first quarter 2023 financial analyst call, said AWS is seeing enterprises continuing to be cautious in their spending in this uncertain time. Amazon Web Services continues to show growing strength, but businesses are only starting to see the potential optimizations they can expect as AWS continues to grow and innovate, according to Amazon President and CEO Andy Jassy.

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