Amazon Web Services (AWS) is a subsidiary of Amazon that remotely rents out server capacity for computing, storage, and database services, commonly known as “cloud computing” and usually contrasted with “on-premises” information technology infrastructure requiring an organization to procure and maintain its own hardware. AWS is the largest cloud provider in the world, expected to generate over $100 billion in annual revenue in 2024, and holding an estimated global market share of over 31%, followed by Microsoft’s Azure at 25% and Google Cloud at 11%.1 It also has the highest margins of all of Amazon’s major lines of business: in the first three quarters of 2023, for example, AWS was responsible for 74% of Amazon’s operating profit despite making up just 16% of total revenue.2 Andy Jassy, who ran AWS from its inception as a cloud provider in 2006 through to 2021, succeeded founder Jeff Bezos as Amazon’s second CEO, a post that he still holds today.