Andy Jassy on AWS’s slowdown and AI’s “three layers”

“It's not all customers deciding to shut down workloads” says Amazon's CEO as cloud growth drops to 12% -- with the company saying customers are recognising that AI costs can also spiral.

Edward Targett

Oct 27, 2023 - 3 min read

Amazon CEO Andy Jassy, photographed in the UK in 2023. Credit: Simon Dawson / No 10 Downing Street

AWS growth dropped 12% year-on-year as customers continued to trim workloads and optimise spending, said Amazon’s CEO Andy Jassy – admitting that “we're still seeing elevated customer optimisation levels.”

Get the full story: Subscribe for free

Join peers managing over $100 billion in annual IT spend and subscribe to unlock full access to The Stack’s analysis and events.

Subscribe now

Already a member? Sign in

Success! You now have access to additional content.