That meant revenue growth rates were about 5 percentage points lower in April than in the first quarter, he said, referring to a period that saw a sequential drop. Its economy-wary customers aside, Amazon aimed to project confidence for its cloud longer-term. Jassy said the growing adoption of generative AI, which can create text, imagery and other content from past data, represented a huge opportunity for Amazon's cloud. Likewise, Olsavsky told reporters, Amazon had seen no shift in the competitive balance among cloud providers. AWS sales growth slowed to 15.8% in the first quarter.

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