AWS exceeds Wall Street’s expectations as demand for cloud infra remains high (techcrunch.com)

Amazon Web Services reported stronger-than-expected results as AI demand drives cloud infrastructure growth: AWS revenue is up about 20% year-over-year (Jassy cited 20.2% YoY), with $33.1 billion in sales through the first nine months and Q3 operating income rising to $11.4 billion (from $10.4B year-ago). AWS says it added more than 3.8 gigawatts of data‑center power capacity over the past 12 months, opened a new region in New Zealand and has three more regions planned. The quarter included new AI-focused customer wins and partnerships — notably with Perplexity and Cursor — underscoring enterprise uptake of assisted‑ and generative‑AI workloads. For the AI/ML community, the results confirm two trends: AI is materially reshaping cloud demand and vendors are aggressively scaling physical infrastructure (measured in GW of power, a proxy for compute and cooling capacity) to capture multi‑year enterprise spending. Massive multi‑billion deals across the industry (e.g., reported OpenAI–Oracle and Google–Anthropic arrangements) validate high-margin cloud consumption but also raise questions about future capacity utilization and pricing dynamics. AWS’s simultaneous cost cuts (14,000 corporate roles) and heavy capital investment suggest the company is reallocating resources to prioritize AI infrastructure — a sign that cloud economics and provider competition will be central to how large AI models are built and deployed.