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Amazon rallies on cloud recovery as it chases Microsoft for AI business

27Oct

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Technology

Amazon rallies on cloud recovery as it chases Microsoft for AI business

[ad_1] Amazon.com rallied nearly 6% on Friday on signs that growth in its main profit driver, the cloud business, was picking up pace after two years of sluggishness due to lower client spending.The company was on track to add more than $70 billion to its market capitalization based on its premarket share price of $127. Smaller cloud rivals Microsoft and Alphabet also gained around 1% each. Amazon CEO Andy Jassy said on Thursday the cloud business was stabilizing as large expansions with existing customers and first-time agreements were likely to aid growth in the final three months of the year. He also touted the AI opportunity for Amazon Web Services (AWS), saying that he expected the technology to lead to "tens of billions of dollars in revenue over the next several years".Wall Stree...

5 things about AI you may have missed today: ‘AI will make human creativity weirder’, Cyberpunk 2077 AI voice, and more

[ad_1] Today was a big day for artificial intelligence, where major strides were made in the development of this emerging technology. Google today announced that it will give its customers, who use generative AI tools, protection against copyright infringement lawsuits. The company also added that for seven of its products, it will also give legal protection. In other news, CD Projekt SA revealed that it used AI to recreate the voice of a deceased voice actor for the game Cyberpunk 2077. This and more in today's AI roundup. Let us take a closer look.Google to protect customers from copyright lawsuitsGoogle announced its commitment to safeguard customers who use certain generative AI products in the event of copyright infringement lawsuits. In a blog post, the company has assured users t...

Amazon Is Spending $100 Million to Teach Cloud Customers About AI

[ad_1] Amazon.com Inc.'s cloud unit is building a program to help customers develop and deploy new kinds of artificial intelligence products as the biggest seller of cloud services tries to match Microsoft and Google in the market for so-called generative AI.Amazon Web Services is investing $100 million to set up the AWS Generative AI Innovation Center, which will link customers with company experts in AI and machine learning. They'll help a range of clients in health care, financial services and manufacturing build customized applications using the new technology. Highspot Inc. and Twilio Inc., which sell sales and marketing software, will be early users of the innovation center, Amazon said. The goal is to help sell more cloud services, convincing clients to turn to AWS as they build ...