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.

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