Dylan PatelFounder and Chief Analyst, SemiAnalysis · The semiconductor-AI stack

Amazon AI Majority by Year End?

12 Jun 2026 · 1 min

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Amazon, Microsoft, Google, and Anthropic are competing to dominate AI services. Amazon's Bedrock and Microsoft's Azure Foundry are gaining traction with customers, while Google's Gemini Agent Enterprise is emerging as a contender. One speaker predicts Amazon could capture the majority of the AI business by year end.

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So Joey, what do we think of the positioning of the different hyperscalers? I mean, we've talked about, we've talked about like, you know, business models and whatnot, but the beauty of the Tokenomics 2.0 magic model is just so accurate, man, is that it covers all of the companies.
Yeah. I mean, you know, in 2 weeks we've gotten some pretty good feedback so far from some of the, you know, these hyperscalers customers, things like that. So it's been solid, but I mean, I think right now, like just given like Amazon continues to win, you know, I think the things that benefit them, you around their customer base, you know, benefit Azure pretty similarly, especially as you look at more and more token-as-a-service type models that come on Foundry. And then obviously I think Google, if they get a coding model, right now when we look at what was formerly Vertex and there's now Gemini Agent Enterprise Platform, we still think Gemini API is a pretty decent percentage of that. So we're not benefiting a ton from Claude in some of those things, but like That's probably the biggest thing right now. I mean, we still see Amazon like bedrock, you know, token as a service is a pretty, you know, I think by the end of the year it could be the majority of the AI business.