Amazon
AMZNQ4 2024(AMZN Q3 FY2024)Stated2.6% AI
AI Revenue %
2.6%
AI Fair Value
$62.9B
AI Revenue (Q)
$10.5B
Total Revenue (Q)
$404.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
AWS Q3 2024 revenue was $27,452M out of total $158,877M (17.3%). AI workload growth continued to accelerate within AWS. Trainium2 chips began deployment. Bedrock usage expanded rapidly. Amazon noted on earnings calls that generative AI was a multi-billion dollar revenue business growing triple digits. Estimating ~15% of AWS as AI/ML. Math: $27,452M × 0.15 = $4,118M / $158,877M = 2.6%.
Analyzed by claude-opus-4-6
Quoted Figures
AWS Net sales $27,452 [Three Months Ended September 30, 2024]
10-Q 2024-09-30, Segment Information
effective January 1, 2024 we changed our estimate of the useful lives for our servers from five to six years. The longer useful lives are due to continuous improvements in our hardware, software, and data center designs.
10-Q 2024-09-30, Note 1
AI Products Identified (Ring 1)
Amazon BedrockAmazon SageMakerAmazon QTrainium2Inferentia2Custom AI chips
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