Andy Jassy
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Amazon (AMZN) reports $42.2 billion in Q2 2026 AWS revenue
Amazon Web Services (AWS) reported its fastest growth in 18 quarters, with revenue reaching $42.2 billion in Q2 2026. This growth was significantly boosted by increased interest in artificial intelligence, with Amazon CEO Andy Jassy noting that the company's AI and Chips businesses each exceeded run rates of $25 billion.
Amazon's satellite internet service is scheduled for mid-2026 availability
Amazon's satellite internet service, Project Kuiper, is slated for a mid-2026 launch, according to CEO Andy Jassy. The service aims to offer download speeds up to 1 Gbps, potentially surpassing competitors like Starlink. While initial testing with enterprise customers has begun, consumer availability details are pending, and the project faces challenges in scaling its satellite constellation.