Amazon Web Services cannot build enough capacity to meet the demand it already has. Most of 2027 is reserved. Substantial reservations now extend into 2028.

This week: what Andy Jassy actually said on 30 July, and the three things the coverage has got wrong about it, including a demand signal that is more commercially entangled than it looks. Britain's grid connection queue, where data centres account for at least 80GW of proposed demand against 2.4GW connected and a 45GW national peak. Why China's position is weaker than the capacity figures suggest, and what its selective reopening of access to American chips tells you.

Then the question that follows from all of it. If renting compute has stopped being automatic, when does owning it make sense? Real numbers on Nvidia DGX pricing, the AI Enterprise licence that most business cases miss, the 75% Inception discount, and why utilisation and pooling matter more than any crossover figure you have been quoted.

Plus Lumai, the Oxford optical computing company that thinks the answer is needing less power rather than finding more. My Yorkshire Post column on where AI will eventually live. And the layoff tracker: 2026 has passed last year's full-year total with four months to spare, and the companies doing the cutting are profitable.

Read the full issue free at thesundaysignal.ai

KeywordsAWS capacity, Andy Jassy, Amazon earnings, AI infrastructure, data centre, grid connection queue, Ofgem, National Energy System Operator, Stargate UK, Hinkley Point C, China energy, H200, Nvidia DGX B200, DGX Spark, NVIDIA AI Enterprise, on-premises AI, cloud repatriation, private cloud inference, Lumai, optical computing, photonic compute, Jevons paradox, tech layoffs 2026, Yorkshire AI Labs, UK AI policy, David Richards