### 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.
Google plans to charge large businesses $30 per month for each user of its Duet AI technology, which adds artificial intelligence enhancements to Gmail and other productivity apps, with similar pricing as Microsoft's upcoming 365 Copilot enhancements.
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 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 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.
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 hosted an event to introduce new devices and services, including an updated version of Alexa with optimized language models for voice interactions, new Echo and Ring products, next-generation Echo Frames, new Fire Tablets and Fire TV devices, and the eero Max 7 mesh system.
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 continues to outpace Google in the smart home market, with Amazon's Alexa offering more advanced features and faster responses compared to Google Assistant.
Amazon is investing up to $4 billion in artificial intelligence startup Anthropic, providing its employees and cloud customers early access to the technology and relying primarily on Amazon's cloud services, in an effort to compete with cloud rivals like Microsoft and Google.
Amazon is releasing a new Fire Stick update that will improve Alexa's abilities, allowing users to have conversations with the voice assistant to find movies and shows to watch and personalize suggestions based on their preferences.
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.
Amazon's $4 billion investment in AI start-up Anthropic boosts Amazon Web Services (AWS) and its potential for growth in the cloud computing market, positioning Amazon for long-term gains and improving its profit margins.
Amazon is well positioned to benefit from AI due to its extensive use of AI technology, its optionality for developing new AI products, and its affordable stock price.
Amazon is introducing Explore with Alexa, a new feature for its digital assistant aimed specifically at kids, providing personalized and age-appropriate responses to their questions about animals and nature through fun facts and trivia, all adapted from trusted sources.
