Amazon
AMZNQ3 2023(AMZN Q2 FY2023)Stated1.3% AI
AI Revenue %
1.3%
AI Fair Value
$23.4B
AI Revenue (Q)
$1.7B
Total Revenue (Q)
$134.4B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
AWS Q2 2023 revenue was $22,140M out of total $134,383M (16.5%). Bedrock entered limited preview in mid-2023. AI services growth was accelerating but from a small base. Estimating ~8.5% of AWS as AI/ML. Math: $22,140M × 0.085 = $1,882M / $134,383M = 1.4%, conservatively rounding to 1.3%.
Analyzed by claude-opus-4-6
Quoted Figures
AWS Net sales $22,140 [Three Months Ended June 30, 2023]
10-Q 2023-06-30, Segment Information
The AWS segment consists of amounts earned from global sales of compute, storage, database, and other services for start-ups, enterprises, government agencies, and academic institutions.
10-Q 2023-06-30, Note 8
AI Products Identified (Ring 1)
Amazon SageMakerAmazon Bedrock (preview)ML instancesAmazon 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 storageRDSLambdanetworking
Confidence Tier
StatedAI figures cited by management on earnings calls