• Amazon Web Services (AWS) will be distributing $100 million for a center to help entities employ generative artificial intelligence (AI).
• Microsoft and Google have made even bigger investments in AI.
• AWS’ CEO Adam Selipsky sees an optimistic future for artificial intelligence, calling it “the next wave of innovation in the cloud”.
Amazon Doubles Down on AI
Amazon Web Services (AWS) – the cloud unit of the e-commerce giant – announced its intention to distribute $100 million for a center to help entities employ generative artificial intelligence (AI). This new development comes after Microsoft and Google both invested significantly more into AI technology.
AWS’ CEO Adam Selipsky revealed his plans in a recent interview for CNBC, showing that Amazon is taking advantage of the potential of this new technology. He added that RyanAir, Lonely Planet, Highspot, and Twilio have already jumped on board with the project. The exec explained that the feature will not function as a physical center but rather as a “program.”
Selipsky sees an optimistic future for artificial intelligence, calling it “the next wave of innovation in the cloud.” According to him, it will be “the next big thing” that pushes clients to want to be in the cloud. Amazon has already hopped on the AI bandwagon by introducing its popular virtual assistant technology Alexa. However, those efforts and this upcoming investment are no match compared to what other leading corporations have done so far.
Competition from Other Corporations
The multinational tech giant – Microsoft – distributed $10 billion into OpenAI several months ago while Google has promised up to $25 million for projects related to AI ethics research within their own company alone. As such, Amazon is still quite behind when it comes to investing in this field compared with other giants who are involved with advanced technologies like self-driving cars and drones as well as robotics which can navigate complex tasks autonomously thanks to machine learning algorithms powered by large datasets fed into them every day .
Overall, this investment shows that Amazon is aware of how important AI technologies could be for its future success and is willing to invest resources into developing them further despite being quite behind compared with other tech giants when it comes down to actual investments in this field so far.