Amazon CEO explains how the company will compete against Microsoft, Google in A.I. race
July 10, 2023
In an interview with CNBC, Jassy said that Amazon is not falling behind in AI, and that the company is investing in AI across the board. He specifically pointed to Amazon Web Services (AWS) as one business that can capitalize on the buzz around AI over the long term.
AWS recently unveiled a generative AI service called Bedrock, where clients can use language models from Amazon and other startups to develop their own chatbots and image-generation services. AWS has also developed its own AI-specific chips, called Inferentia and Trainium, which aim to make it easier for developers to run large AI language models in the cloud.
Jassy said that Amazon’s chips will have “much better price-performance than you’ll find anywhere else.” He also said that Amazon stands to have a real edge in AI through Bedrock, its custom chips, and other services like CodeWhisperer, which generates and suggests code for developers.
AI has shaped up to be a rare area for investment inside Amazon as Jassy has culled some of the company’s riskier bets and looked to cut costs due to slowing sales and a gloomy economic outlook. However, Jassy said that he is confident in Amazon’s AI strategy, and that the company is well-positioned to succeed in the long term.
Here are some key takeaways from the interview:
- Amazon is not falling behind in AI, and is investing in AI across the board.
- AWS is a key business for Amazon in the AI space, and will continue to be a focus for the company.
- Amazon is developing its own AI-specific chips, which will give it a competitive edge in the market.
- AI is a rare area for investment inside Amazon, but Jassy is confident in the company’s strategy.
Recent News
Dr Pepper Quickly Becoming America’s Favorite Beverage
Dr Pepper has made a remarkable ascent in the American soda market, now sharing the second spot with Pepsi, a position Pepsi has comfortably held for much of the past two decades. According to new data from Beverage Digest, Dr Pepper has climbed from fifth place in 2000 to its current second position, nearly matching Pepsi’s market share. This marks a significant shift in the soft drink landscape, where Coca-Cola continues to reign supreme.
BARK Air Accused of Violating County Regulations
BARK Air, a newly launched luxury airline exclusively for dogs, has found itself embroiled in a legal dispute shortly after its first flight. The airline, which aims to prioritize the comfort of canine passengers and their human companions, took off from New York’s Westchester County Airport on May 24, only to face a lawsuit from Westchester County a few days later.
Volkswagen Reveals Electric Hatchback Teaser
Volkswagen has unveiled its first teaser for a new electric hatchback that promises to be both affordable and innovative. Dubbed the ID.1, this forthcoming vehicle is set to be the most budget-friendly EV in Volkswagen’s lineup, with a projected starting price of around €20,000 (approximately CAD $30,000 or USD $21,700). However, there’s a significant catch: this enticingly priced model is earmarked exclusively for the European market, with no plans for a North American release.
Virgin Galactic Completes Final VSS Unity Commercial Spaceflight
Virgin Galactic recently achieved a significant milestone by successfully completing its final commercial flight with the VSS Unity spaceplane. This marks the second mission of the year for the Richard Branson-founded company, which continues to pave the way in the realm of space tourism. The mission, dubbed Galactic 07, saw four passengers from Turkey, the United States, and Italy reach the edge of space and return safely.