The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Capital · deployed

~$132-151B/yr capex in-flight (FY25 $131.8B -> TTM $151.0B) — AWS/Trainium datacenters + Rainier for Anthropic

high confidence · as of 2026-07-26 · about Amazon

Sourced figures 2


the working

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Amazon.