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At Amazon.Com Inc (NASDAQ:AMZN) AWS re: Invent 2023 in Las Vegas, AWS CEO Adam Selipsky delivered a keynote covering the company's achievements and future strategies.
Selipsky emphasized the significant role of generative AI in AWS's strategy, with the Bedrock platform being a central element. Bedrock, launched earlier, has attracted over 10,000 global customers, including prominent names like Adidas AG (OTC:ADDDF) and United Airlines Holdings, Inc (NASDAQ:UAL), ITPro reports.
AWS announced the new Trainium 2 chip, optimized for training foundation models with up to trillions of parameters, offering four times the speed of its predecessor. Additionally, AWS introduced Graviton 4, touted as their most potent and energy-efficient chip, enhancing performance for various applications.
AWS and Nvidia Corp (NASDAQ:NVDA) are collaborating to bring Nvidia's DGX Cloud to AWS. This includes deploying a new family of GPUs and a giant AI supercomputer to halve the training time and cost for large language models annually.
AWS highlighted its robust infrastructure, with plans for more data centers, and introduced Amazon S3 Express One Zone for faster and more cost-effective storage. They also emphasized the importance of their S3 Intelligent Tiering, which has saved customers over $2 billion.
Selipsky underscored AWS's commitment to security, innovation, and rapid development, catering to various clients, from large enterprises to startups. Over 80% of global unicorns reportedly run on AWS.
There's speculation about AWS unveiling 'Olympus,' a two trillion-parameter large language model, following the success of Amazon Bedrock.
The conference also featured updates on AI-powered code remediation in Amazon CodeWhisperer and the introduction of Amazon Detective with generative AI capabilities. AWS leverages AI and cloud computing to drive innovation and efficiency across various industries.
Price Action: AMZN shares traded lower by 0.62% at $146.84 on the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
