Amazon
AMZNQ2 2023(AMZN Q1 FY2023)Stated1.3% AI
AI Revenue %
1.3%
AI Fair Value
$22.9B
AI Revenue (Q)
$1.7B
Total Revenue (Q)
$127.4B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
AWS Q1 2023 revenue was $21,354M out of total $127,358M (16.8% of revenue). ChatGPT launched Nov 2022, spurring enterprise interest in AI. Amazon Bedrock was announced in April 2023 but not yet GA. SageMaker adoption was growing. Estimating ~8% of AWS as AI/ML services. Math: $21,354M × 0.08 = $1,708M / $127,358M = 1.3%.
Analyzed by claude-opus-4-6
Quoted Figures
AWS Net sales $21,354 [Three Months Ended March 31, 2023]
10-Q 2023-03-31, Segment Information
The AWS segment consists of amounts earned from global sales of compute, storage, database, and other services
10-Q 2023-03-31, Note 8
AI Products Identified (Ring 1)
Amazon SageMakerML instancesAmazon Bedrock (announced)Amazon CodeWhisperer
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
EC2 computeS3 storageRDS databasesLambda
Confidence Tier
StatedAI figures cited by management on earnings calls