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TechCrunch·3 min read

Amazon CEO takes aim at Nvidia, Intel, Starlink, more in annual shareholder letter

Amazon's CEO challenges major tech competitors in shareholder letter

In his annual shareholder letter, Amazon CEO Andy Jassy takes a strategic jab at competitors like Nvidia and Intel while promoting the success of Amazon's own AI and cloud technologies. He emphasizes the soaring demand for Trainium AI chips, which are approaching a $20 billion annual revenue run rate, and highlights the widespread adoption of AWS's Graviton CPU among top EC2 customers, showcasing Amazon's growing influence in the tech landscape.

Key Takeaways

1.
Amazon's Trainium AI chips are nearing a $20 billion annual revenue run rate.
2.
AWS's Graviton CPU is used by 98% of the top 1,000 EC2 customers.
3.
Amazon's Starlink competitor, Amazon Leo, has secured contracts with Delta Airlines and NASA.

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Amazon CEO takes aim at Nvidia, Intel, Starlink, more in annual shareholder letter | Trace