# AWS commitments top $280 billion as CEO plays down AI concentration, rules out spinoff

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/business/45321
Published: 2026-10-31T04:01:43.000Z
Updated: 2026-10-31T04:01:43.000Z
Section: Business

> AWS CEO Matt Garman said committed spending exceeded $280 billion, with AI labs accounting for a small share. He cited broad enterprise demand and said there were no spinoff plans.

AWS says its customer base spans industries and regions, addressing concerns that its growth depends on a handful of AI companies. Corporate cloud migration and AI adoption are reinforcing demand for each other, while the business has no plans to separate from Amazon.

In an interview with Fox Business on October 31, Amazon Web Services CEO Matt Garman said committed customer spending exceeded $280 billion, with AI labs accounting for only a small portion. He described the pace of growth at a business with an annual revenue run rate of $184 billion as unusual and highlighted the opportunity for further expansion.

Garman said OpenAI and Anthropic were large customers, but demand for their models extended across enterprises and startups. Customers running inference with those models through Bedrock, AWS's generative AI service, span financial services, healthcare, retail and other industries around the world, he said.

Bedrock is the fastest-growing multibillion-dollar business AWS has launched, according to Garman. He said even Fortune 500 companies were using only a small fraction of AI's potential to transform workflows and business operations, leaving enterprise adoption at an early stage.

Garman cited commitments from ADP, Salesforce and NATO as evidence of broader cloud demand. As customers move more workloads and data to AWS, they use more AI, he said. Greater AI use through Bedrock then encourages further workload migration, creating a cycle in which cloud adoption and AI demand reinforce each other.

Garman presented AWS's Trainium 3 AI chip as another option for customers, citing its inference capabilities and price performance. He said Nvidia's latest chips remained the best solution for many models and use cases. AWS and Nvidia have announced plans to deploy more than 2 million Nvidia GPUs across the AWS cloud over the next two years, and Garman said their partnership was larger than ever.

Asked about a potential spinoff, Garman said there were no plans for one. He said membership in Amazon brought mutual benefits to AWS, the retail business and other divisions, and that AWS was happy with the arrangement.

Garman said his operating focus was helping customers move to the cloud and use AI to accelerate their businesses. AWS sets revenue milestones of $200 billion, $300 billion, $500 billion and eventually $1 trillion, he said, but reaching them depends on supporting individual customers, regardless of their size.