Advancements in generative and agentic AI innovation are transforming enterprises. Meanwhile, breakthroughs in chip technology and a growing emphasis on digital sovereignty are reshaping cloud computing to deliver solutions.

That’s where Amazon Web Services Inc.’s annual re:Invent conference promises to bring fresh insights. It represents a bellwether for the industry, according to theCUBE Research Executive Analyst John Furrier.

“You have the new stacks emerging, the gen AI stacks, and what’s happening is that it’s just another layer of innovation,” Furrier said on a recent episode of theCUBE Podcast. “It looks like the ’90s in some layers — like the old days, networking and compute, when chips were coming out from Intel and networking gear was faster. Then you have the applications getting smarter. The same thing’s happening here.”

Amazon Web Services Inc. and industry agentic AI innovation will be of key focus of theCUBE’s “Cloud AWS re:Invent Coverage” event, broadcasting live from December 3-6. Our coverage will also study chips hardware and related services in particular. The latest news and announcements around agentic AI innovation will be explored by Furrier, Dave Vellante, chief analyst at theCUBE Research, and a full team of analysts at theCUBE Research, but a plethora of industry experts. Join us, starting December 3, for our exclusive “Cloud AWS re:Invent Coverage” event, live on theCUBE, SiliconANGLE Media’s livestreaming studio. (* Disclosure below.)

Check out what’s in store for theCUBE’s exclusive Cloud AWS re:Invent Coverage:

Cloud growth marks Amazon’s last year

For Amazon.com Inc., it’s been a year marked by cloud growth. In late October, strong growth in the company’s cloud and advertising businesses led to another impressive earnings and revenue beat. The company delivered an operating profit of $17.4 billion, which was up from $11.2 billion in the year-ago quarter. Amazon Chief Executive Andy Jassy also said the company’s artificial intelligence services were generating billions of dollars in annualized revenue.

“I believe we have more demand than we could fulfill if we had even more capacity today,” Jassy said in October. “I think pretty much everyone today has less capacity than they have demand for, and it’s really primarily chips that are the area where companies could use more supply.”

The company also is expecting to accelerate its infrastructure spending over the next fiscal year. It expects to spend $75 billion in fiscal 2024 and even more in fiscal 2025, according to Jassy.

“The increase bumps are really driven by generative AI,” he said. “It is a really unusually large, maybe once-in-a-lifetime type of opportunity, and shareholders will feel good about this long term, that we’re aggressively pursuing it.”

Notable developments around generative and agentic AI innovation

Beyond earnings, it’s been another year of notable developments for Amazon, which included the surprising news in September that Oracle Corp. had buried the hatchet with AWS. The two companies announced they would form a “strategic partnership” to bring Oracle’s Autonomous Database offering to AWS.

At the time of the announcement, Oracle founder and Chief Technology Officer Larry Ellison said Oracle was seeing “huge demand” from customers wanting to use multiple clouds. Ellison had previously made repeated digs at AWS during his keynotes over the years.

“To meet this demand and give customers the choice and flexibility they want, Amazon and Oracle are seamlessly connecting AWS services with the very latest Oracle Database technology, including the Oracle Autonomous Database,” Ellison said in September.

The companies said the services were set to launch in general availability before the end of the year. It was a notable development and key moment in the evolution of multicloud strategies, according to Vellante.

“They finally buried the hatchet. Oracle is now inserting, embedding Oracle [Cloud] Infrastructure, OCI, inside of Azure, inside of Google, inside of AWS,” Vellante said on a recent edition of theCUBE Podcast.

Speaking to theCUBE in August, Matt Garman, chief executive at AWS, emphasized the critical importance of inference as the true “killer app” of generative AI. Inference is not just a function, but an integral building block to be embedded in every application.

“All the money and effort that people are spending on building these large training models don’t make sense if there isn’t a huge amount of inference on the backend to build interesting things,” Garman said.

Amazon has also kept busy over the past year with a variety of project announcements, including in launching Amelia, a generative AI-powered assistant for third-party sellers, and AWS detailing Mithra, an internal system it uses to detect malicious website domains. In July, AWS also introduced App Studio, which is intended to speed up application development with AI.

“Using natural language, any user with some technical experience can simply describe the application they want to build, and App Studio takes care of the development process, delivering an application that employees can start using immediately,” said Dilip Kumar, vice president of applications at AWS, in July.

The strategic direction for AWS and its ecosystem over the coming year will be the main focus of theCUBE’s “Cloud AWS re:Invent Coverage” event. TheCUBE will provide full coverage of the event while providing analyst-driven commentary about thought leadership surrounding cloud operations, data foundation, chips processors and storage. You can follow theCUBE’s wall-to-wall coverage for firsthand insights.

TheCUBE event livestream

Don’t miss theCUBE’s “Cloud AWS re:Invent Coverage” event, from December 3-6. Plus, you can watch theCUBE’s event coverage on-demand after the live event.

How to watch theCUBE interviews

We offer you various ways to watch theCUBE’s “Cloud AWS re:Invent Coverage” event, including theCUBE’s dedicated website and YouTube channel. You can also get all the coverage from this year’s events on SiliconANGLE.

TheCUBE Insights podcast

SiliconANGLE also has podcasts available of archived interview sessions, available on iTunes, Stitcher and Spotify, which you can enjoy while on the go.

SiliconANGLE also has analyst deep dives in our Breaking Analysis podcast, available on iTunes, Stitcher and Spotify.

Guests

During theCUBE’s “Cloud AWS re:Invent Coverage” event, theCUBE analysts will talk with industry professionals about advancements in cloud computing, agentic AI innovation, and what comes next.

(* Disclosure: TheCUBE is a paid media partner for the “Cloud AWS re:Invent Coverage” event. Neither Amazon Web Services Inc. nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)

Image: SiliconANGLE