Despite facing setbacks in its AI initiatives, including the delay of another AI model, Titan, Amazon is prepared to invest in AI, considering it a crucial factor for future development. The company's new AI capabilities are currently being tested with a small customer group, and it is suggested that access might eventually require a membership fee. The completion and debut of Olympus are expected to be announced in December.
Key takeaways:
- Amazon is investing heavily in "Olympus," a large-scale artificial intelligence (AI) model with two trillion parameters, aiming to compete with OpenAI and Alphabet.
- Rohit Prasad, the former head of Alexa, is leading Amazon's AI initiatives, combining resources from Amazon's scientific team and Alexa AI.
- Despite previous setbacks with AI models like Titan, Amazon believes in-house models will enhance the appeal of its products on Amazon Web Services (AWS).
- Amazon's new AI capabilities are currently in the trial stage and could potentially require a membership fee. The company is expected to reveal more details about Olympus in December.