Amazon's AI and chip units each clear $25B

Amazon said its AWS AI business and chip business each exceeded a $25 billion annual revenue run rate, with both growing at triple-digit percentages year over year. Amazon’s SEC-filed quarterly release puts AWS sales at $42.2 billion, up 37%, while trailing-12-month free cash flow swung to a $7.6 billion outflow as AI infrastructure purchases rose. For operators tracking Amazon’s $200 billion infrastructure wager, the disclosure is the clearest evidence yet that custom silicon is becoming a standalone business rather than merely a cloud cost lever.