Broad-Based Growth Beyond Frontier LabsWhile headline-grabbing AI labs like OpenAI and Anthropic are driving significant model training on AWS, Garman emphasized that the growth is widespread. Startups and enterprise clients in financial services, healthcare, retail, and media are adopting AI to streamline operations and create new customer experiences. Unlike competitors who may rely heavily on a small handful of massive clients, AWS's expansion is distributed across a broad customer base. A $25 Billion AI Business Shift Toward "Inference"Garman noted that AWS's AI business currently operates at a $25 billion revenue run rate. Custom Silicon Strategy: Trainium and GravitonThe $25 billion run rate for AWS's chip business stems from renting out capacity powered by its in-house processors, rather than selling chips outright.