Amazon CEO Andy Jassy says AI will be a 'big deal' for company

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Amazon CEO Andy Jassy signaled confidence that the company will get costs under control in his annual shareholder letter, where he also noted the tech giant was “spending heavily' on AI tools that have gained popularity in recent months. FOX13

NEW YORK, NEW YORK - NOVEMBER 30: Andy Jassy on stage at the 2022 New York Times DealBook on November 30, 2022 in New York City. Amazon CEO Andy Jassy signaled confidence that the company will get costs under control in his annual shareholder letter, where he also noted the tech giant was "spending heavily" on AI tools that have gained popularity in recent months.

"There are a number of other changes that we’ve made over the last several months to streamline our overall costs, and like most leadership teams, we’ll continue to evaluate what we’re seeing in our business and proceed adaptively," Jassy wrote. Musk and other tech innovators signed open letter urging a temporary pause in the development of AI systems more powerful than OpenAI's GPT-4.

The Seattle company will continue to invest in specialized chips most used for machine learning, its advertising business as well as generative AI tools. The tools are part of a new generation of machine-learning systems that can converse, generate readable text on demand and produce novel images and video based on what they’ve learned from a vast database of digital books and online text.

 

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