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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.

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.”

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