AI cloud wars: exclusivity is fading, capex is not

VentureBeat says AWS adding OpenAI models to Bedrock shows cloud AI is moving from exclusivity to model distribution.

Today’s earnings fit that: AWS grew 28% to $37.6B, Azure and other cloud services grew about 40%, and Google Cloud grew 63% to $20B , clear evidence that AI demand is showing up in cloud revenue.

If frontier models become more cloud-neutral, who captures the economics: $AMZN/$MSFT/$GOOG distribution, $ORCL capacity, or $NVDA bottleneck supply?

And are today’s earnings proving durable AI demand, or just validating a capex race before ROIC is clear?

https://venturebeat.com/technology/amazons-openai-gambit-signals-a-new-phase-in-the-cloud-wars-one-where-exclusivity-no-longer-applies