Artificial intelligence is unquestionably the next big battleground for big tech. So much hype has surrounded AI that top execs at Amazon, Meta, Apple, and AMD all reported major pushes into AI capabilities and applications in their latest quarterly earnings calls.

On Amazon’s Q2 update, CEO Andy Jassy highlighted AI as “at the heart of what we do,” saying the company is working to implement AI across all of its businesses from AWS to Alexa. He said AI will drive customer experiences and operations, calling it a “significant investment and focus.”

With a net income of $6.7 billion in the second quarter of 2023, this was Amazon’s best performing quarter since 2020.

Specifically, Jassy stated: “AWS has continued to add to its meaningful leadership position in the cloud with a slew of generative AI releases that make it much easier and more cost-effective for companies to train and run models (Trainium and Inferentia chips), customize Large Language Models to build generative AI applications and agents (Bedrock), and write code much more efficiently with CodeWhisperer.”

This builds on moves like the new $100 mi

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Author: Jose Antonio Lanz

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