Amazon says its AI cloud is largely sold out through 2027

AWS is Amazon's cloud arm. Companies rent servers, storage and access to AI models from it instead of building their own data centres. Right now the main buyer of new capacity is AI: training models and running them every day.

Talking to a16z co-founder Ben Horowitz and general partner Erik Torenberg, Jassy said 2026 is sold out, 2027 is largely sold out and a good chunk of 2028 is gone too. Amazon always keeps a small reserve for on-demand use and for its EC2 (rented servers) and Bedrock (access to AI models) services.

Amazon said earlier this year it would spend about $220bn on capital projects in 2026: data centres, chips, power. Jassy said the company could invest a lot more and it would not be a bad use of capital. Even at this pace, he said, Amazon is leaving some demand on the table.

Jassy also said Amazon's own AI chip, Trainium, offers 30-40% better price performance than comparable processors. That is the company's own claim. In his view AI is still too expensive to be used everywhere, and cheaper inference will unlock demand from ordinary businesses.

The comments follow a rough week for tech: on 22 October the Nasdaq fell 2.6% as AI spending spooked investors. Jassy gave no dollar figure for the bookings, so the scale can only be checked against the 29 October results.

已确认的事实

• Jassy said AWS capacity for 2026 is sold out, 2027 is largely sold out and a good chunk of 2028 is committed.^[2][4]
• Amazon keeps a small share of capacity for on-demand use and its EC2 and Bedrock services.^[2][4]
• Amazon plans about $220bn of capital spending in 2026.^[1][2]
• Jassy said Amazon could invest a lot more and it would not be a bad use of capital.^[2][4]
• Jassy said the Trainium chip offers 30-40% better price performance than comparable processors.^[4]
• Amazon reports third-quarter results on 29 October.^[2][3]

影响

• 已确认Amazon's demand for AI cloud capacity is booked years ahead.
• 我们的解读Amazon's heavy AI spending is likely to continue into 2027.
• 我们的解读For chip and data centre equipment suppliers this signals steady orders.

仍未知

• How much the booked capacity is worth: Jassy gave no figure.
• Whether Amazon raises its 2027 spending plan will become clear on 29 October.

影响到谁

US, World. Anyone holding Amazon, Nvidia or other tech stocks, or following the AI race

来源

1. a16z (YouTube): Amazon CEO Andy Jassy on the Infrastructure the AI Era Needs 2026年10月23日 · 官方
2. Reuters: Amazon cloud capacity sold out through 2027, CEO Jassy says 2026年10月23日 · 媒体
3. Investing.com: Amazon's AWS cloud capacity largely sold out through 2027, CEO says 2026年10月23日 · 媒体
4. Podscripts (транскрипт a16z Podcast): a16z Podcast - Amazon CEO Andy Jassy on Why Amazon Is Investing $220 Billion in AI 2026年10月23日 · 媒体