CEO of Amazon Web Services: Cloud, GenAI, two pizza rule and customer obsession.

In Good Company with Nicolai Tangen

Norges Bank Investment Management

In Good Company, Business, Norges Bank, Nicolai Tangen

4.8 • 186 Ratings

🗓️ 6 December 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Adam Selipsky the CEO of AWS is leading the world's largest cloud provider. He shares his vision for the future of AWS, how he plans to foster a culture of innovation and customer obsession. He also reveals how he applies the famous "two pizza rule" and the unique meeting culture in Amazon.

The production team on this episode were PLAN-B's Nikolai Ovenberg and Niklas Figenschau Johansen. Background research was done by Sigurd Brekke with input from portfolio manager Doug Shell and Regina Jarstein and Håkon Brynildsen.

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Transcript

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0:00.0	Hi everyone and welcome to our podcast in Good Company. I'm Nicola Tangan, the CEO of the Norwegian
0:06.2	someone welcome. In this podcast, I talk to the leaders of some of the largest companies we are
0:10.2	invested in so that you can learn what we own and meet these impressive leaders. Today, I'm speaking to
0:15.7	Adam Selipsky, CEO of Amazon Web Services, the largest cloud provider in the world. We own over 1% of Amazon. This translates to 80% of Amazon Web Services, the largest cloud provider in the world.
0:21.7	We own over 1% of Amazon.
0:23.6	This translates to 80 billion Norwegian crowner or over $8.1 billion US dollars.
0:30.1	This means that each Norwegian owns 15,000 crowner in this company.
0:34.9	Most of the internet is run on cloud-based services, but how does the cloud work?
0:39.3	How do they protect it? And how is AWS competing with Microsoft and Google? Tune in.
0:48.3	Now the cloud is the backbone of everything digital, and you control a third of this market.
0:58.3	Now, you've got customers such as Netflix, Apple, NASA, CIA, Tesla, Spotify, and so on.
1:05.8	So just to kick off with the basics here, what is the cloud?
1:09.1	The cloud is essentially the ability for companies of all sizes, all types, to run all their
1:19.8	infrastructure in a way that feels infinite and like it has no specific place.
1:29.3	That's why you have the metaphor of the cloud.
1:33.3	So customers, companies used to have data centers.
1:35.9	They would buy or rent the data centers.
1:37.0	They'd buy servers.
1:38.7	They'd hulk up networking.
1:43.2	They'd worry about keeping those servers up and running.
1:50.0	And when AWS launched in 2006 and pioneered the cloud, all of a sudden there was this illusion of infinite capacity.
1:52.2	Like you could just tap into compute capacity.
	...

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