Amazon's AI business was 'hugely free cash flow negative,' an AWS executive reportedly said internally

EKEugene Kim@eugenekim2229:43 AM · Oct 19, 2026

New: Amazon’s AI buildout is testing its old playbook at scale. AWS infra VP Prasad Kalyanaraman said internally that Amazon’s AI business was “hugely free cash flow negative” and he expects overall FCF to stay negative for “the next couple of years.”

Business InsiderAmazon knows how to build big. The AI boom is testing just how big it can go.Amazon's $220 billion AI buildout is draining cash as power shortages, costly Nvidia servers, and construction challenges pile up.