“Kiro is ‘available’ in the same way as I am available to play in the NBA.”
Amazon books EC2 rental with custom silicon underneath as a $25 billion chips business. Capex is now $220 billion a year, and Quinn points out the demand underwriting it sits with a handful of AI labs, including one Amazon has committed $100 billion to over a decade. Money going out the door and coming back in as revenue is a circle, not a market. The 39.4 percent AWS operating margin is the one number nobody had to dress up.