Amazon’s artificial intelligence services in its cloud computing unit are generating annual sales of more than $15 billion

This figure, based on first quarter results, represents about 10% of Amazon Web Services‘ annual revenue of $142 billion, and comes after years of anticipation from investors and analysts…

Like its competitors, Amazon is under pressure to prove that its spending on artificial intelligence will pay off. The company has forecast $200 billion in capital expenditures this year, mainly for AI, a figure that has spooked investors and fuelled fears of a speculative bubble in the sector.