AWS CEO Matt Garman with a16z's Raghu Raghuram on the biggest cloud provider in the world being rebuilt for the agentic era:

$220B in CapEx for 2026, two million NVIDIA GPUs on order, AWS's AI chips sold out through next year, and a new 30-second AWS account with no credit card required so agents can get rolling.

0:55 $170B in revenue, growing 37%
2:40 30-40% of revenue started as startups
4:55 Startups want a cloud for agents
9:10 An AWS account in 30 seconds
12:25 Agents don't need bulletproof databases
16:30 Why AWS won't sell every GPU to the frontier labs
22:00 Why Matt isn't worried about a bubble
24:45 Why AWS builds its own power plants
27:45 Planning for the next supply shortage
30:25 Saving one county $5K per resident
33:10 How AWS built its own chips
40:05 What's holding enterprise agents back
45:35 Why Bedrock never sends your data to the model
49:30 AWS's new AI security tool
51:50 Why AWS teams of 10 are now 3-4

YouTube: https://www.youtube.com/watch?v=rn_afJaPldg

@mattsgarman @awscloud @RaghuRaghuram