### Summary
Amazon has a long history of AI adoption and is currently developing new AI functionality, including custom processors and generative AI services. Despite a recent rebound in its e-commerce business, Amazon's stock is still trading at a much lower price, making it a good investment opportunity.
### Facts
- Amazon has been using AI for various purposes such as recommendation systems, inventory management, packing and shipping, ad targeting, and virtual assistant (Alexa).
- The company is developing custom processors for faster data processing in its data centers and cloud computing operations.
- Amazon's AWS has recently launched the generative AI service named Bedrock.
- New AI features on Amazon's website help sellers create product descriptions, summarize product reviews, combat fake customer reviews, and promote real ones.
- Despite a 65% increase in its stock price this year, Amazon's stock is still trading at a significantly discounted price.
### 📈 Amazon has a long history of AI adoption and development.
### 💡 The company is developing custom processors and generative AI services.
### 💰 Amazon's stock is currently trading at a discounted price, making it a good investment opportunity.
Amazon's annual Devices and Services event, scheduled for September 20, is expected to feature updates to its Echo speakers, Echo Show, Echo Buds with Active Noise Cancellation, Eero Wi-Fi routers, and possibly some wacky new products.
Amazon's annual fall hardware event, Devices, will take place on September 20, featuring new releases in the ereader and smart speaker lines, as well as potential surprises like previous years' Alexa-powered robot and Ring drone.
Amazon is expected to announce updates to its lineup of devices, including new Fire TV sticks, Echo speakers and displays, Ring cameras, Blink devices, and a eero WiFi, at its annual devices event, which will mark the retirement of Amazon's senior vice president of devices and services, David Limp. Microsoft Chief Product Officer Panos Panay is rumored to be Amazon's new devices head, and the event will not be available for public livestream.
Amazon is preparing for its annual fall product announcements, with rumors suggesting big AI-driven changes for Alexa and a shake-up in its devices and services division, including the departure of hardware boss Dave Limp and the potential replacement by Microsoft's Panos Panay. Last year, Amazon introduced various new products, and while this year's event may be more muted, surprises are still expected. Additionally, Amazon is focusing on the smart home integration of its Fire TVs and Alexa, and it plans to cut down on the number of in-house brands it offers on its marketplace.
Amazon announced that it will use a new generative AI model to enhance the performance of its Echo devices, providing improved conversational experiences and personalization.
Amazon has unveiled a new Alexa voice assistant, powered by its Alexa large language model, that can understand conversational phrases, interpret context more effectively, and complete multiple requests from one command, marking a significant advancement in voice assistant technology.
Amazon has unveiled its latest streaming players, the Fire TV Stick 4K and Fire TV Stick 4K Max, featuring upgraded processors for faster performance and enhanced features such as Wi-Fi 6, HDR support, and increased storage capacity. Additionally, Amazon has introduced the Fire TV Soundbar for an improved audio experience, and plans to release a software update for a smarter Alexa voice experience and a new "ambient experience" feature for the Fire TV Stick 4K Max.
Amazon has announced updates to its Fire TV lineup, including new devices and generative AI updates for Fire TV voice search, allowing users to ask more nuanced and open-ended questions about TV shows and movies. The devices also feature a "Continue Watching" row with titles from non-Amazon properties and will roll out in the U.S. later this year. Additionally, Amazon introduced a new Fire TV soundbar and a bundle that includes a subscription to MGM+.
Alexa engages in a conversation with a user, answering questions about football teams and providing personalized responses while calling multiple APIs in real time.
Amazon has announced a new personal safety feature for Alexa devices called Emergency Assist, which allows users to call for help and connect with a trained agent 24/7 by saying "Alexa, call for help" and is available for all Echo devices at a cost of $6 monthly or $59 annually.
Amazon has announced new accessibility features for its devices, including Eye Gaze on Alexa for gaze-based navigation and a Call Translation feature for transcribing and displaying captions during Alexa calls.
At its annual hardware event, Amazon announced Explore With Alexa, a kid-friendly version of its chatbot that provides educational content and games, along with new kid-friendly devices like the Echo Pop Kids smart speaker and Fire Kids tablets.
Amazon is introducing Map View, a new feature in the Alexa mobile app that allows users to create a digital map of their house and control connected devices.
Amazon is integrating a large language model into its Echo devices to improve conversational interactions, although some issues were experienced during a live demonstration; meanwhile, Apple's new Apple Watch Series 9 introduces a "Double Tap" method of interaction and on-device Siri processing.
Amazon is introducing new features to Alexa, including the ability to listen without needing to say "Alexa" first, but did not address concerns about privacy and security.
Amazon is considering introducing subscription fees for Alexa's advanced AI features in the future, according to Dave Limp, SVP of devices and services at Amazon, who stated that Alexa would have to be "remarkable" before such charges are implemented.
Amazon, Best Buy, and Target are launching major holiday sales, and there are already great deals available on 4K TVs, Apple devices, and top-rated headphones, though it is recommended to avoid buying Alexa devices for now as better deals are expected during the Prime Big Deal Days event.
Amazon is offering significant discounts on its Alexa devices ahead of its two-day October Prime Day sale, including deals on Echo devices, Fire TVs, Ring doorbells, and Blink security cameras.
Amazon's Prime Day event offers substantial discounts on a wide range of Alexa-infused smart devices, including Echo speakers, Echo Show displays, Fire tablets, Kindle e-readers, Fire TV streaming devices, and various smart home devices.
