Arm

They're an incredible early customer to learn from the components that they would need, but we built them from the ground up to support a broad range of customers. And so AWS itself was a big investment by Amazon to go after a broad new business. As you think about now, we had Amazon as a big customer of ours, for sure.

They're an incredible early customer to learn from the components that they would need, but we built them from the ground up to support a broad range of customers. And so AWS itself was a big investment by Amazon to go after a broad new business. As you think about now, we had Amazon as a big customer of ours, for sure.

They're an incredible early customer to learn from the components that they would need, but we built them from the ground up to support a broad range of customers. And so AWS itself was a big investment by Amazon to go after a broad new business. As you think about now, we had Amazon as a big customer of ours, for sure.

And they were a super helpful customer for us to learn about what large enterprises would need from services like AWS and continue to be. I think AI is not that dissimilar. Amazon needs AI. You mentioned that you watched my reInvent keynote. Andy was up there for 25 minutes talking about all of the cool things that the rest of Amazon is doing with regards to AI.

And they were a super helpful customer for us to learn about what large enterprises would need from services like AWS and continue to be. I think AI is not that dissimilar. Amazon needs AI. You mentioned that you watched my reInvent keynote. Andy was up there for 25 minutes talking about all of the cool things that the rest of Amazon is doing with regards to AI.

And they were a super helpful customer for us to learn about what large enterprises would need from services like AWS and continue to be. I think AI is not that dissimilar. Amazon needs AI. You mentioned that you watched my reInvent keynote. Andy was up there for 25 minutes talking about all of the cool things that the rest of Amazon is doing with regards to AI.

You're talking about Rufus or talking about how we're thinking about our supply chain and fulfillment centers and across the whole scope of an Alexa. That business desperately needs AI capabilities to

You're talking about Rufus or talking about how we're thinking about our supply chain and fulfillment centers and across the whole scope of an Alexa. That business desperately needs AI capabilities to

You're talking about Rufus or talking about how we're thinking about our supply chain and fulfillment centers and across the whole scope of an Alexa. That business desperately needs AI capabilities to

again reimagine our business get more efficiencies deliver new experiences for customers like we are amazon is customer number one for a bunch of these capabilities and so if aws can build them and amazon can take advantage of them that's fantastic and both of those things are true So yes, it's a big forward investment, but we also have Amazon still using these.

again reimagine our business get more efficiencies deliver new experiences for customers like we are amazon is customer number one for a bunch of these capabilities and so if aws can build them and amazon can take advantage of them that's fantastic and both of those things are true So yes, it's a big forward investment, but we also have Amazon still using these.

again reimagine our business get more efficiencies deliver new experiences for customers like we are amazon is customer number one for a bunch of these capabilities and so if aws can build them and amazon can take advantage of them that's fantastic and both of those things are true So yes, it's a big forward investment, but we also have Amazon still using these.

And we're in a different place now. When we started in 2006, we had zero external customers. We now have a million external customers or multiple millions of external customers, right? And so that is a huge customer base that is ready and willing and excited to buy and use the products that we have.

And we're in a different place now. When we started in 2006, we had zero external customers. We now have a million external customers or multiple millions of external customers, right? And so that is a huge customer base that is ready and willing and excited to buy and use the products that we have.

And we're in a different place now. When we started in 2006, we had zero external customers. We now have a million external customers or multiple millions of external customers, right? And so that is a huge customer base that is ready and willing and excited to buy and use the products that we have.

And so that investment, it is forward investment, but you also have a really big base that you can amortize across and go offer it to, which makes that investment thesis a little bit easier to get over.

And so that investment, it is forward investment, but you also have a really big base that you can amortize across and go offer it to, which makes that investment thesis a little bit easier to get over.

And so that investment, it is forward investment, but you also have a really big base that you can amortize across and go offer it to, which makes that investment thesis a little bit easier to get over.

I think it's ROI positive. Well, it depends what you mean by ROI positive. I think there's a lot of investment in the world.

I think it's ROI positive. Well, it depends what you mean by ROI positive. I think there's a lot of investment in the world.