Amazon CEO said that the chip business will save Amazon a lot of capital expenditure

CEO Andy Jassy stated in a letter to shareholders that Amazon's chip business will save the company billions of dollars in capital spending each year. Jassy said, "Our internally developed popular AI chips have opened up many possibilities, but perhaps the biggest potential is to reduce costs for customers and ensure better economic benefits for Amazon Web Services." He said that compared to relying on chips from other companies for inference, Amazon's chips will also bring the company hundreds of basis points of operating margin advantage.