CNN
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Amazon wants investors to know it won’t be left behind in the latest Big Tech arms race over artificial intelligence.
Amazon (AMZN) CEO Andy Jassy said in a letter to shareholders on Thursday that the company will power Large Language Models (LLM) and ChatGPT and other similar AI chatbots. It said it was making a “heavy investment” in generative AI, the same technology as .
“We have been working on our own LLMs for some time. We will continue to invest heavily in our models,” said Jassy. said in a letter to his shareholders.
The remarks are part of Jassy’s second annual letter to shareholders since taking over as CEO, in which many companies seek to explain how they can enter the rapidly evolving AI product market. It hints at the pressure tech companies are feeling. Since ChatGPT opened to the public in late November, Google (GOOG), Facebook (FB), and Microsoft (MSFT) have all generated content that allows them to create compelling essays, stories, and visuals on demand from their users. We are talking about an increasing focus on AI technology. Display a prompt.
According to Jassy, Amazon’s goal is to provide cheaper machine learning chips so that “both small and large enterprises can afford to train and run LLM in production.” Large language models are trained on huge mountains of data to generate responses to user prompts.
“Most companies want to use these large-scale language models, but it takes billions of dollars and takes years to develop really good language models. I don’t want to,” Jassy said in an interview with CNBC Thursday morning.
“What they want to do is they want to be able to build on an already large, good base model and then customize it for their own purposes,” Jassy told CNBC.
With this in mind, Amazon announced Thursday a new service called Bedrock. This essentially makes AI21 Labs, Anthropic, Stability AI, and Amazon’s underlying models — large-scale models pre-trained with huge amounts of data — accessible to clients via APIs, Amazon blogs. said in the post.
Jassy told CNBC that he thinks Bedrock will “change people’s game.”
In his letter to shareholders, Jassy also promoted AWS’s CodeWhisperer. This is another of his AI-powered tools that he says will “revolutionize developer productivity by generating code suggestions in real time.”
“I think LLM and generative AI are going to be so transformative that I could write a whole letter about it, but I will leave that for a future letter,” Jassy wrote. “Let’s just say that LLM and generative AI are going to be a big deal for our customers, our shareholders and he Amazon.”
In the letter, Jassy said that in recent months, the e-commerce giant has laid off about 27,000 jobs as part of a massive effort to contain costs, making it “the most difficult job in recent memory. He also reflected on how he led Amazon through the Year of the Macroeconomics.
“This past year has been an extraordinary number of simultaneous challenges,” Jassy said in the letter, rethinking some free shipping options, abandoning some of the bricks-and-mortar concept, and phasing out the entire store. He outlined the steps Amazon has taken to significantly reduce its workforce.
Jussy’s total salary was valued at about $1.3 million last year, Amazon said in its securities filings on Thursday, and the CEO won’t receive any new stock awards in 2022. (Jassie was given a salary package when he took over as CEO in 2021.) Most of that consists of stock compensation, bringing his total compensation to about $212 million. )
But despite the difficulties at Amazon, Jussy said in her letter that she felt “optimistic and inspired by what lies ahead.” “I strongly believe that the best days are ahead,” added Jussie.
