Amazon
AMZNQ4 2023(AMZN Q3 FY2023)Stated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$27.7B
AI Revenue (Q)
$2.1B
Total Revenue (Q)
$143.1B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
AWS Q3 2023 revenue was $23,059M out of total $143,083M (16.1%). Amazon Bedrock reached GA in September 2023. Trainium and Inferentia chip-based instances were gaining traction. AI workloads were growing rapidly within AWS but still a fraction of total. Estimating ~9% of AWS as AI/ML. Math: $23,059M × 0.09 = $2,075M / $143,083M = 1.5%.
Analyzed by claude-opus-4-6
Quoted Figures
AWS Net sales $23,059 [Three Months Ended September 30, 2023]
10-Q 2023-09-30, Segment Information
The AWS segment consists of amounts earned from global sales of compute, storage, database, and other services
10-Q 2023-09-30, Note 8
AI Products Identified (Ring 1)
Amazon Bedrock (GA Sep 2023)Amazon SageMakerTrainium instancesInferentia 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 storageRDSLambdaCloudFront
Confidence Tier
StatedAI figures cited by management on earnings calls