Sources: Anthropic is weighing the possibility of designing its own chips, but it has yet to commit to a design or put together a dedicated team for the project

Jassy's shareholder letter is making Amazon's return on AI CAPEX even more clear: - Most of the AWS CAPEX for 2026 is already backed by customer commitments - AWS could be growing even faster than 24% with more capacity. Multiple customers have asked to buy all Graviton CPU supply for 2026 - AWS AI annualized revenue is over $15 billion as of Q1 26 - $20 billion in annual chip rental revenue (translates to $50 billion in equivalent sales if selling externally) and growing triple digits y/y