Amazon Web Services (AWS) has achieved a remarkable milestone, generating over $100 billion in revenue for fiscal year 2024, marking an 18% year-over-year growth. In the fourth quarter alone, AWS revenue reached $28.79 billion, contributing to an annualized revenue run rate of $115 billion, which reflects a 19% increase compared to the previous year. This growth comes as the IT sector increasingly adopts artificial intelligence technologies. Despite this rapid expansion, Amazon CEO Andy Jassy noted that AWS could be growing even faster if not for certain constraints. Additionally, Amazon's overall annualized revenue is reported to be $751.2 billion, while its advertising revenue has surged to $69 billion, up from $22 billion in 2020.