You read correctly, but it also doesn't tell the full story. I've edited to be "not related to AMP" to try to convey this better. In short: AMP itself is not p

You read correctly, but it also doesn't tell the full story. I've edited to be "not related to AMP" to try to convey this better. In short: AMP itself is not part of Ads, but there is a group within Ads focussing on AMP - because one of the biggest blockers to AMP adoption is (was?) getting ads supported within the model.