Amazon Bets Big on AI to Fuel Cloud Business and Alexa Devices
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Amazon is a leader in developing generative AI through large language models, and offers AI services to AWS cloud customers.
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Amazon uses AI extensively in its e-commerce business for inventory management, recommendations, etc.
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Amazon provides AI tools to third-party sellers and advertisers using its data and machine learning models.
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AI powers Amazon's smart home devices like Alexa to understand more natural conversation.
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Amazon's CEO expects AI to drive tens of billions in AWS revenue in coming years, which should lead to stock gains.