The potential "for positive innovation is absolutely huge" according to the Chief Executive of the world’s biggest cloud business AWS. Speaking to Fox Business’ Susan Li, Amazon’s cloud CEO Adam Selipsky says the development of AI "is going to be so incredible" that "policymakers need to think appropriately about not stifling innovation.
AWS operates separately from Amazon’s ecommerce business and accounts for the majority, over 70% of the company’s operating profits in the most recent earnings quarter. AWS also released a new study this week that shows US infrastructure investments by the cloud unit have totaled over $108 billion since 2011 which has contributed over $37 billion to the US economy.
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