Amazon cloud capacity sold out through 2027, CEO Jassy says

Oct 23 (Reuters) - Amazon CEO Andy Jassy said on Friday that Amazon Web Services' cloud ‌computing capacity is largely sold out through ‌2027, with significant commitments extending into 2028, on growing demand ​for AI infrastructure.

In a video podcast with Andreessen Horowitz co-founder Ben Horowitz and general partner Erik Torenberg, Jassy said Amazon is struggling to keep pace ‌with the insatiable ⁠demand from AI labs and enterprises.

• Earlier this year, Amazon had said it ⁠would spend about $220 billion in capital expenditure for 2026

• Jassy said the company "could invest a lot ​more and ​it wouldn't be ​a bad use of ‌capital," considering cloud-computing capacity for 2026 is already sold out

• "2027 is largely sold out. We always leave a certain amount for on demand and our inference service bedrock, or EC2, but largely ‌sold out all the big ​chunks. A good chunk of ​2028 is sold ​out," he said

• EC2 is an ‌AWS service that provides ​cloud servers for ​running applications, while Bedrock gives customers access to AI models to build generative AI ​applications

• Amazon is ‌scheduled to report third quarter results on ​October 29

(Reporting by Jaspreet Singh in Bengaluru; ​Editing by Diti Pujara)