Amazon's AI cloud services hit $15 billion annual run rate as custom chips gain traction against Nvidia

AWS AI offerings are generating a $15 billion annual revenue run rate and growing rapidly, according to CEO Andy Jassy's investor letter

Amazon's custom chip business is experiencing strong demand, with Jassy describing it as 'on fire'

The disclosure represents Amazon's clearest public statement yet on how its cloud division is capitalizing on the AI boom

Amazon is positioning itself as a direct challenger to Nvidia's dominance in AI infrastructure and chips