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Fortune

Kylie Robison

A wave of A.I. spending could revive Amazon's sputtering cloud growth

Amazon Andy Jassy AWS Google Microsoft

(Credit: David Paul Morris/Bloomberg via Getty Images)

As Wall Street grimaced over Amazon's decelerating cloud business sales, CEO Andy Jassy had a clear message for investors: Don't panic, A.I. is on the way.

"Few folks appreciate how much new cloud business will happen over the next several years from the pending deluge from machine learning that's coming," Jassy said during Amazon's Q1 earnings call on Thursday.

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