These technologies need storage and computing capabilities, all of which AWS provides. AMZN YTD mountain Amazon YTD performance Gen AI and LLMs are becoming popular and experts say these technologies will likely be commonplace in the not-too-distant future. Scott Devitt, analyst at Wedbush, told CNBC in an interview that while all the AI attention is on consumer services, Amazon is "improperly characterized as missing the AI cycle." He argued that Amazon is building strong capabilities to deliver in the "next cycle of growth" in the nascent AI market. Amazon stock has also outperformed during the same period but not necessarily because of AI. Nvidia has seen unrelenting demand for its AI-powered chips while Microsoft and Alphabet's consumer chatbots have been all the rage. Shares of fellow mega-cap tech Club holdings Nvidia (NVDA), Microsoft (MSFT) and Alphabet (GOOGL) have soared in the first half of this year from the AI gold rush. Still, investors may have prematurely made their decisions about which companies are the AI industry titans. The Amazon CEO said AI use is not limited to its cloud unit, saying all teams across the company are using AI to enhance the customer experience. Amazon's set of AI tools is available to help its customers easily get started in building gen AI-powered applications at a low cost. Other AI development resources at Amazon include CodeWhisperer, an AI code generator to help developers build applications faster. AWS has also invested $100 million in a generative AI innovation center to offer free training to further the development of artificial intelligence-based applications. The top layer or the application layer is where companies can build consumer-facing applications like ChatGPT from Microsoft-backed OpenAI and Google's Bard from Alphabet. Amazon provides such services like Bedrock, which offers tools to deploy, customize, and scale, and Titan, a generative large language model (LLM) that can generate, summarize, and translate text. The middle layer involves offering a foundational model that can be used to build and scale gen AI applications. This service should become progressively valuable as computing costs increase and customers look to optimize costs. The bottom layer includes the computing infrastructure that machine learning models will be run on, combined with Amazon's proprietary chips built for that task at a lower cost for AWS customers. In a recent interview on CNBC, Amazon CEO Andy Jassy outlined the company's AI initiatives in a three-layered approach, providing the tools needed to create, power, and train generative AI applications. Leveraging the power of Amazon Web Services (AWS), the company's approach to AI should lead to differentiated business strength in the years to come. Personal Loans for 670 Credit Score or LowerĬonsumer-facing artificial intelligence-powered applications have taken the market by storm, but Amazon (AMZN) is opting to concentrate its early efforts on developers and companies using its cloud. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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