Amazon Ramps Up AI Investments With Chips, Services, and Applications

Warren Buffett owns stock in Amazon, an artificial intelligence (AI) company. Amazon is making big investments in AI like Microsoft and Alphabet.

Amazon CEO Andy Jassy outlined the company's AI strategy on an earnings call. It involves building AI chips, providing AI services, and deploying AI applications.

Amazon is developing its own AI chips called Trainium and Inferentia to power AI model training and inferencing.

Amazon launched an AI service called Bedrock that allows companies to access Amazon's AI capabilities without building their own. Major companies are using it.

Amazon stock price has lagged Big Tech competitors lately but its AI moves could boost growth. The stock may be undervalued given its PE ratio history.