Posted 12/22/2023, 7:17:19 PM
Amazon unveils major new AI investments to counter Microsoft and Google's generative AI push
- At AWS reInvent 2023, Amazon showcased major new AI investments to compete with Microsoft and Google's advances in generative AI
- The rise of chatbots like ChatGPT has challenged AWS's dominance in cloud computing as Microsoft and Google integrate AI into offerings
- Amazon unveiled partnerships (Nvidia), products (workplace chatbot), and a more humble, feedback-seeking approach to acknowledge the need to compete
- AI and generative models are now a central focus for AWS after years of leading the cloud computing revolution
- Amazon stock has gained 80% YTD, though Microsoft has also rallied amid its AI push, presenting a new competitive threat