AWS is 20—and all in on AI

# AWS at 20: From Weird Sideline to Amazon's Cash Machine Amazon's cloud computing business, which skeptics once dismissed as a money-losing distraction, has become a $128 billion powerhouse that now generates most of Amazon's profits. The service lets companies rent computing power instead of buying expensive servers themselves—a simple idea that took two decades to dominate the industry. Now, under new CEO Matt Garman (who bet on it when it was making pennies a day), AWS is doubling down on AI to stay ahead as the next wave of business computing shifts toward artificial intelligence.