Amazon AWS cloud capacity sold out through 2027 amid surging AI infrastructure demand.
Amazon CEO Andy Jassy revealed AWS is struggling to meet insatiable demand for AI computing, signaling continued heavy investment in data centers.
The story
Amazon Web Services (AWS) cloud computing capacity is largely sold out through 2027, with significant commitments extending into 2028, according to Amazon CEO Andy Jassy. Speaking on Friday, Jassy attributed this to the "insatiable demand" from AI labs and enterprises for AI infrastructure.
This indicates the intense competition for computing resources driving the artificial intelligence boom. Amazon had previously announced plans to spend approximately $220 billion in capital expenditure for 2026, and Jassy noted the company "could invest a lot more" given the current demand. The rapid uptake of AWS capacity underscores the scale of investment required to support advanced AI development and deployment across industries.
Who moved
Apple
What Changed: Launched its first foldable phone, the iPhone Duo, on Friday (Oct 23) at a price of about $2,000, with initial demand quickly outpacing supply.
Why It Matters: This marks Apple's entry into the foldable smartphone market, with IDC forecasting it to capture 44% of the market value in 2026.
Meta
What Changed: Delayed the implementation of its updated commercial terms to November 20 from October 30.
Why It Matters: The delay addresses concerns from publishers and digital advertisers regarding Meta's right to use their content for its AI services.
Microsoft
What Changed: Shut down "The Garage," its 17-year-old innovation lab, with some spaces restricted starting October 23.
Why It Matters: The company stated that the "spirit of experimentation" is now integrated into how teams work daily, amidst wider cost-cutting efforts.
Nvidia
What Changed: CEO Jensen Huang encouraged European countries to build AI data centers and proposed Kazakhstan as a global hub for physical AI.
Why It Matters: Huang highlighted Europe's need for massive computing capacity and touted modular systems for faster data center deployment.
Products & launches
Windows 11
Company: Microsoft
What: A new Insider Experimental build 26340.9767 allows users to run an internet speed test directly in Quick Settings, replacing the previous Bing link.
Search Ads
Company: Google
What: Launched a new help page detailing the use of AI-generated review summaries in Search ads for advertisers in the US, UK, Australia, and India.
Blink Cameras
Company: Amazon
What: Announced an expanded lineup of five new cameras designed to provide higher resolution, broader coverage, and extended range for home monitoring.
Platforms & policy
Meta
Development: Fined $25 billion in New Mexico for illegally sharing user data, stemming from the Cambridge Analytica incident.
Development: A federal judge dismissed claims that Google illegally recorded customer service calls to train its AI, but gave plaintiffs a chance to amend their complaint.
Money & markets
US Tech Stocks. The Nasdaq Composite fell 2.6% on Thursday (Oct 22, reported Oct 23), with Amazon down 4.6% and Nvidia down 4.4%, amid concerns over AI spending sustainability.
What we'll be watching
- Apple's "Pro and Tell" event on October 28, 2026, in Los Angeles, expected to unveil new MacBook Pro models, iMac, and iPad Mini 8.
- Meta's updated Commercial Terms and Self-Serve Ad Terms are scheduled to take effect on November 20, 2026.
- Amazon will share its Q3 2026 earnings on October 29.
- Nvidia's upcoming Q3 fiscal earnings report.
Reporting + analyst voices: grounded via Google Search at publish time.