Amazon's Bezos Says AWS Benefited From a 'Business Miracle'

The transcript discusses Amazon Web Services (AWS), highlighting its technological superiority and origins. AWS was developed over many years before its launch, leading to significant growth and success. The transcript emphasizes AWS's unique market position, having faced no like-minded competition for seven years, which is considered a rare business phenomenon.

What does the speaker refer to as a 'business miracle' in the context of AWS?

How long did AWS face no like-minded competition according to the speaker?