Amazon is investing $100 million in the AWS Generative AI Innovation Center to keep up with competitors Microsoft and Google in the cloud infrastructure market. The center will connect Amazon experts in AI and machine learning with clients seeking to build applications based on the latest generative AI technologies, which are used to create new content such as audio, code, images, texts, simulations, and videos. The company expects to sell more cloud services with the new center, as enterprise spending on cloud solutions reached $63 billion worldwide in Q1 2023, up 20% from the same quarter last year, with Microsoft and Google showing the strongest year-over-year growth rates. In addition, Amazon recently launched Bedrock, an AI solution allowing customers to build their own ChatGPT-like models, and announced the upcoming Titan, including two new foundational models developed by Amazon Machine Learning. The company is also preparing to implement AI-powered search functionality for its online web store with a ChatGPT-like interface.
Title: Amazon invests $100M in AWS Generative AI Innovation Center
Categories: Cloud Infrastructure, Artificial Intelligence, Machine Learning