Jassy describes the global electricity situation for data centres as improved from a year and a half ago but still tight.

Andy Jassy · CNBC Television · Amazon CEO Andy Jassy: 'Unprecedented' how much AI compute is being consumed right now

“IN THE US, AROUND THE WORLD THERE IS A POWER SHORTAGE. I THINK THAT IT IS BETTER THAN IT WAS 18 MONTHS AGO AND STILL NOT AS PLENTIFUL AS WE ALL NEED. I MEAN, I THINK EVERYONE WOULD TELL YOU, WELL, IT'S BETTER THAN 18 MONTHS AGO. WE STILL COULD BE FULFILLING MORE DEMAND IF WE HAD MORE CAPACITY.”

Educational summary of a public statement. Not investment advice.