Final answer:
AWS is Amazon Web Services, a cloud computing platform that allows users to rent computing capacity on-demand.
Step-by-step explanation:
AWS stands for Amazon Web Services. It is known as a cloud computing platform that allows individuals or businesses to rent computing capacity on an as-needed basis. AWS provides a range of services, including storage, databases, networking, analytics, and more. It enables users to access powerful computing resources without the need for extensive hardware or physical servers.