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00:02Amazon's cloud computing business reported faster than expected third quarter growth,
00:07according to CNBC. Third quarter revenue was $45.98 billion, up 39% year over year,
00:15and above analysts' expectations of $45.29 billion. Growth accelerated from 37% in the
00:23second quarter, reaching its fastest pace since 2021. Operating income rose 55% to $17.77 billion,
00:33exceeding estimates of $16.97 billion. AWS now accounts for a record of nearly 23%
00:41of Amazon's total revenue. CEO Andy Jassy projected AWS revenue growth above 40% in both 2027 and
00:502028, with the potential to become a $1 trillion revenue business within 5 to 10 years.
00:56Amazon also plans to make its Tranium AI chips available outside AWS starting in late 2027.
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