On Wednesday Amazon announced the completion of its data-center initiative Project Rainier, which will primarily be used to service Anthropic's compute needs. The company expects Anthropic's Claude to be using over one million of Amazon's custom Trainium2 chips by year-end.

Amazon's Project Rainier, with 500k Trainium2 chips, is live. BoA analyst expects $272 price. Rainier could add $6B to AWS revenue by 2026.

Amazon posted higher fiscal third quarter profit and sales compared with a year ago, as the online giant kept attracting shoppers looking for good prices while inflation resurges.

Amazon's cloud computing division delivered the goods in the third quarter, reporting $33.0 billion in sales for a 20% year-over-year growth rate that investors had been itching to see. The latest performance blew past consensus expectations and marks an acceleration from the June quarter's 17.

Experts say the incident revealed what can happen when a such a broad spectrum of companies rely on singular cloud provider.

Amazon shares jumped more than 10% in aftermarket trading Thursday, after the e-commerce giant said that Amazon Web Services revenue grew 20.2% to $33 billion in the third quarter, the fastest rate since 2022.

Amazon starts building $10 billion data center in Richmond County, North Carolina to power Amazon Web Services, promises 500 jobs but won’t share energy usage

Amazon’s cloud-computing arm plans to invest an additional $5 billion in South Korea over the next six years to build new artificial-intelligence data centers in the country.