AWS Aims for $1T Revenue, but Amazon Says Heavy Spending Comes First

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Amazon CEO Andy Jassy said the company wants Amazon Web Services to lead the AI cloud computing market and eventually become the first business to reach $1 trillion in revenue. Achieving that goal will require Amazon to keep up its large capital expenditure spending. Jassy made these remarks during a statement on Thursday. The article frames the spending as a necessary investment stage before any such revenue milestone can be reached. No specific figures or timelines beyond this were provided in the source text.

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