Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Matt Garman, CEO of Amazon.com Inc.'s AWS, said concerns over an AI spending bubble are overstated as businesses report returns from current AI investments. Garman discussed the outlook on a16z's podcast with Raghu Raghuram on Thursday, saying Amazon does not rely on one customer for most AWS capacity. "We feel really good about the spend we're making now," he said. He said demand is concentrated in production workloads such as computing, storage and AI inference, which serve as essential services that customers are unlikely to cut back on. Don't Miss: A single bad hire can set a startup back years.
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