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Amazon Names New AI Chief Amid Battle to Take on Tech Rivals [Yahoo! Finance Canada]
Last microsoft corporation earnings: 4/29 04:06 pm
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Most Read from Bloomberg Amazon Web Services, the cloud unit, is the largest seller of rented computing power and data storage, but has struggled to replicate that dominance among AI developers amid intense competition from Microsoft Corp., Alphabet Inc.'s Google and a host of startups. Several months after OpenAI's ChatGPT came on the scene in late 2022, Amazon centralized AI development work that was previously shared by the Alexa team and AWS into one organization. That reshuffling announced Amazon's ambition to build cutting-edge, multipurpose AI tools of the sort that power ChatGPT. Wednesday's move bolsters that team with the addition of Annapurna Labs, the startup Amazon acquired in 2015 and used as the foundation to develop general-purpose chips and AI-focused hardware. “I believe we are at this inflection point with several of our new technologies that will power a significant amount of our future customer experiences,” Jassy said in his note. DeSantis was previously
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