AWS CEO Matt Garman says AI inference is still under 1% of its eventual scale

The Amazon cloud chief argues demand for running AI models has barely started, even as inference already accounts for more than half of AWS's AI revenue AWS CEO Matt Garman thinks the AI boom is still in its opening minutes. He says AI inference currently sits at less than 1% of the scale it will eventually reach. That is a striking claim from the head of a cloud business already running at roughly $169-170 billion a year. It amounts to the view that most of the demand is still ahead. Garman made the comments in an interview on November 10, 2026. His central point concerned AI inference , the stage where a trained model is put to work answering questions, writing code or completing tasks.

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