AWS CEO change: AI challenge?

 AWS leadership update: AWS CEO Adam Selipsky steps down

Amazon Web Services CEO to resign, effective June 3

Matt Garman taking over as CEO with AWS at crossroads | TechCrunch

"It’s tough to say that a $100 billion business finds itself at a critical juncture, but that’s the case with Amazon Web Services, the cloud arm of Amazon, and the clear market leader in the cloud infrastructure market.

On Tuesday, the company announced that CEO Adam Selipsky was stepping down to spend more time with his family and recharge a bit, according to his statement. His replacement is AWS lifer Matt Garman."

During Selipsky’s tenure, growth for the cloud division has slowed pretty dramatically, falling from 33% in Q2 2022 to 12% in Q2 and Q3 2023 before ticking up to 13% and 17% in its two most recent reports — although to be fair, growth has slowed across the industry, as the space has settled into a more mature state. Yet at the same time the core infrastructure business seems to be maturing, it is being rocked by a major disruption in the form of generative AI.

Watch AWS CEO Steps Down and OpenAI Updates Its AI Model | Bloomberg Technology - Bloomberg