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Key Highlights on Amazon’s AI Infrastructure
Amazon Web Services (AWS) holds a dominant 30% market share in global cloud infrastructure, crucial for AI businesses. In comparison, Microsoft and Alphabet collectively account for 33%, while Alibaba lags with only 4%. AWS’s leadership in AI infrastructure positions it as a critical player as the AI market is projected to grow by over 30% annually for the next decade.
In its latest earnings report, AWS reported a 17.5% year-over-year sales increase, with expectations to spend a record $118 billion in 2023 to expand its infrastructure in response to rising AI demand. A McKinsey & Co report indicates that 70% of new cloud infrastructure will cater specifically to AI and machine learning needs.
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