Amazon Banking on AI, Invests $100M Towards AWS Generative AI Center

Amazon Banking on AI, Invests $100M Towards AWS Generative AI Center

Amazon recently introduced Bedrock, an AI tool that is similar to ChatGPT.
It is also planning to introduce an AI-powered “search” feature for its e-commerce.
Amazon Web Services (AWS) is spending $100 million on a solution to compete with Microsoft and Google in the field of generative AI. Supposedly, the planned AWS Generative AI Innovation Centre would serve as a conduit between Amazon’s AI and machine learning specialists and customers who want to develop cutting-edge software.
Generative AI is the use of algorithms to generate original media including music, software, art, writing, simulations, and videos. Highspot, Twilio, Ryanair, and Lonely Planet are among the companies Amazon has named as early users of the innovation center. Despite rising competition in the cloud infrastructure industry, the firm plans to increase cloud service sales with the help of its new center.
AI-powered Search Feature
Enterprise expenditure on cloud solutions hit $63 billion globally in the fir

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