Latest / Omni Talk Retail / Fast Five Shorts | Amazon To Invest $11 Billion Towards Ai In Georgia

Transcript

Fast Five Shorts | Amazon To Invest $11 Billion Towards Ai In Georgia · Omni Talk Retail

• 0:00
  According
• 0:00
  to
• 0:00
  Reuters,
• 0:02
  Amazon
• 0:02
  said
• 0:03
  last
• 0:03
  week
• 0:03
  that
• 0:03
  its
• 0:03
  cloud
• 0:04
  computing
• 0:04
  division,
• 0:05
  Amazon
• 0:06
  Web
• 0:06
  Services,
• 0:07
  plans
• 0:07
  to
• 0:07
  invest
• 0:07
  about
• 0:08
  $11
• 0:08
  billion
• 0:09
  to
• 0:09
  expand
• 0:09
  its
• 0:10
  infrastructure
• 0:10
  in
• 0:10
  Georgia
• 0:11
  to
• 0:11
  support
• 0:12
  cloud
• 0:12
  computing
• 0:12
  and
• 0:13
  AI
• 0:13
  technologies.
• 0:14
  Quote,
• 0:14
  the
• 0:14
  investments
• 0:15
  in
• 0:16
  Butts
• 0:16
  and
• 0:16
  Douglas
• 0:17
  counties
• 0:18
  are
• 0:18
  expected
• 0:18
  to
• 0:18
  create
• 0:19
  hundreds
• 0:19
  of
• 0:19
  jobs
• 0:20
  and
• 0:20
  enhance
• 0:21
  Georgia's
• 0:21
  position
• 0:22
  as
• 0:22
  a
• 0:22
  hub
• 0:22
  for
• 0:23
  cutting
• 0:23
  edge
• 0:24
  digital
• 0:24
  innovation.
• 0:25
  End
• 0:25
  quote.
• 0:28
  And
• 0:29
  yes,
• 0:31
  I'm
• 0:31
  still
• 0:31
  getting
• 0:32
  over
• 0:32
  Butts
• 0:32
  County.
• 0:33
  How
• 0:33
  should
• 0:34
  the
• 0:34
  rest
• 0:34
  of
• 0:34
  retail.
• 0:35
  How
• 0:35
  has
• 0:36
  that
• 0:36
  gone
• 0:36
  unknown?
• 0:37
  I've
• 0:37
  never.
• 0:38
  Did
• 0:38
  you
• 0:38
  know
• 0:38
  about
• 0:39
  Butts
• 0:39
  County?
• 0:39
  I
• 0:39
  didn't
• 0:40
  know.
• 0:40
  I
• 0:40
  mean
• 0:40
  this
• 0:41
  county,
• 0:42
  this
• 0:42
  is
• 0:42
  the.
• 0:43
  This
• 0:43
  is
• 0:43
  the
• 0:43
  overtired,
• 0:44
  like
• 0:45
  three
• 0:45
  year
• 0:45
  old
• 0:46
  sense
• 0:46
  of
• 0:46
  humor
• 0:47
  right
• 0:47
  now
• 0:47
  coming
• 0:47
  out
• 0:48
  in
• 0:48
  me.
• 0:48
  Where
• 0:48
  Butts
• 0:49
  County?
• 0:50
  Who
• 0:50
  knew?
• 0:50
  Okay.
• 0:51
  I
• 0:51
  know
• 0:52
  you
• 0:52
  were
• 0:52
  asking
• 0:53
  me
• 0:53
  a
• 0:53
  very
• 0:53
  professional,
• 0:54
  important
• 0:54
  question.
• 0:55
  I'm
• 0:56
  trying
• 0:56
  to
• 0:56
  keep
• 0:56
  this
• 0:56
  podcast
• 0:57
  classy.
• 0:57
  And
• 0:58
  how
• 0:59
  should
• 0:59
  the
• 0:59
  rest
• 0:59
  of
• 0:59
  retail
• 1:00
  be
• 1:00
  reacting
• 1:01
  to
• 1:01
  Amazon's
• 1:01
  $11
• 1:02
  billion
• 1:02
  AI
• 1:03
  investment
• 1:04
  in
• 1:04
  the
• 1:04
  Peach
• 1:05
  State?
• 1:06
  I
• 1:06
  think
• 1:07
  everybody
• 1:07
  should
• 1:07
  be
• 1:07
  paying
• 1:08
  very
• 1:08
  close
• 1:09
  attention
• 1:09
  to
• 1:10
  this.
• 1:11
  We
• 1:11
  heard
• 1:12
  in
• 1:12
  video
• 1:13
  their
• 1:14
  CEO
• 1:14
  was
• 1:14
  speaking
• 1:15
  at
• 1:15
  CES
• 1:16
  earlier,
• 1:16
  whatever
• 1:17
  week
• 1:17
  we're
• 1:17
  in
• 1:17
  right
• 1:18
  now.
• 1:18
  And
• 1:19
  then
• 1:20
  we
• 1:20
  had
• 1:20
  a
• 1:22
  Martin
• 1:22
  on
• 1:23
  stage
• 1:23
  with
• 1:23
  John
• 1:23
  Furner
• 1:24
  here
• 1:24
  at
• 1:24
  nrf
• 1:25
  just
• 1:25
  talking
• 1:26
  about
• 1:26
  even
• 1:27
  more.
• 1:27
  Like,
• 1:28
  we
• 1:28
  know
• 1:28
  Nvidia
• 1:29
  is
• 1:29
  huge.
• 1:29
  We
• 1:29
  know
• 1:29
  that
• 1:30
  they're
• 1:30
  the
• 1:31
  key
• 1:31
  to
• 1:31
  all
• 1:32
  of
• 1:32
  the
• 1:32
  continuous
• 1:33
  AI
• 1:33
  development
• 1:34
  that's
• 1:34
  going
• 1:34
  to
• 1:34
  be
• 1:34
  happening.
• 1:35
  But
• 1:35
  Chris,
• 1:36
  what
• 1:36
  they
• 1:36
  were
• 1:36
  showing
• 1:36
  on
• 1:37
  stage
• 1:37
  at
• 1:37
  nrf,
• 1:37
  it's
• 1:38
  just
• 1:38
  like
• 1:38
  it's
• 1:38
  even
• 1:39
  beyond
• 1:39
  I
• 1:40
  think
• 1:40
  what
• 1:40
  we
• 1:40
  can
• 1:40
  even
• 1:41
  comprehend.
• 1:42
  So
• 1:42
  I
• 1:42
  think
• 1:42
  the
• 1:42
  fact
• 1:43
  that
• 1:43
  Amazon's
• 1:44
  investing
• 1:45
  $11
• 1:45
  billion
• 1:47
  in
• 1:47
  continuing
• 1:48
  to
• 1:48
  bolster
• 1:49
  their
• 1:50
  AI
• 1:50
  capabilities
• 1:51
  especially,
• 1:52
  you
• 1:52
  know,
• 1:52
  everybody's
• 1:53
  got
• 1:53
  to
• 1:53
  get
• 1:53
  their
• 1:54
  piece
• 1:54
  and
• 1:54
  right
• 1:55
  now
• 1:55
  is
• 1:55
  the
• 1:55
  time
• 1:55
  that
• 1:56
  you
• 1:56
  got
• 1:56
  to
• 1:56
  be
• 1:56
  doing
• 1:56
  it
• 1:57
  because
• 1:57
  you
• 1:57
  know
• 1:57
  it,
• 1:58
  it's
• 1:58
  going
• 1:58
  to
• 1:58
  be
• 1:59
  impossible
• 1:59
  to
• 1:59
  catch
• 1:59
  up
• 1:59
  to
• 2:00
  people
• 2:00
  like
• 2:00
  Nvidia.
• 2:01
  But
• 2:01
  if
• 2:01
  you're
• 2:01
  not
• 2:01
  doing
• 2:01
  anything
• 2:02
  to
• 2:02
  think
• 2:02
  about
• 2:02
  this,
• 2:03
  like
• 2:03
  you
• 2:03
  got
• 2:04
  to
• 2:04
  figure
• 2:04
  out
• 2:04
  how
• 2:05
  you're
• 2:05
  going
• 2:06
  to
• 2:06
  set
• 2:06
  yourself
• 2:06
  up
• 2:06
  for
• 2:07
  the
• 2:07
  structure
• 2:08
  or
• 2:08
  the
• 2:08
  foundation
• 2:09
  to
• 2:10
  have
• 2:10
  successful
• 2:13
  pieces
• 2:14
  in
• 2:14
  place
• 2:15
  to
• 2:15
  really
• 2:15
  succeed
• 2:16
  with
• 2:16
  AI.
• 2:17
  Because
• 2:17
  there's,
• 2:17
  there's
• 2:17
  just
• 2:18
  no
• 2:18
  way
• 2:18
  that
• 2:19
  you
• 2:19
  cannot
• 2:19
  use
• 2:19
  this.
• 2:20
  There's
• 2:20
  no
• 2:20
  way
• 2:21
  that
• 2:21
  if
• 2:21
  you
• 2:22
  are
• 2:22
  a
• 2:22
  technology
• 2:23
  company,
• 2:23
  you
• 2:24
  cannot
• 2:24
  be
• 2:24
  making
• 2:24
  these
• 2:25
  types
• 2:25
  of
• 2:25
  investments
• 2:26
  right
• 2:26
  now.
• 2:27
  Especially
• 2:27
  the
• 2:28
  agentic
• 2:28
  A
• 2:29
  stuff.
• 2:29
  Chris,
• 2:29
  like
• 2:29
  for
• 2:29
  those
• 2:30
  in
• 2:30
  our
• 2:30
  audience.
• 2:30
  Yeah,
• 2:30
  explain
• 2:31
  what
• 2:31
  agentic
• 2:31
  AI
• 2:32
  this
• 2:32
  was
• 2:32
  a
• 2:32
  relative
• 2:32
  to
• 2:33
  interpret
• 2:33
  agentic
• 2:33
  AI.
• 2:34
  Yeah.
• 2:34
  So
• 2:34
  like
• 2:35
  I
• 2:35
  was
• 2:35
  telling
• 2:35
  you,
• 2:36
  like
• 2:36
  when,
• 2:36
  when
• 2:36
  we,
• 2:37
  you
• 2:37
  know
• 2:38
  who
• 2:38
  we
• 2:38
  were.
• 2:39
  Oh,
• 2:39
  Keith,
• 2:39
  Keith
• 2:40
  Mercier
• 2:40
  from
• 2:41
  Target
• 2:41
  or
• 2:42
  from
• 2:42
  Microsoft.
• 2:43
  On
• 2:44
  our
• 2:44
  podcast
• 2:45
  leading
• 2:45
  up
• 2:45
  to
• 2:45
  nrf,
• 2:46
  he
• 2:46
  was
• 2:46
  talking
• 2:46
  about
• 2:46
  agentic
• 2:47
  AI.
• 2:47
  And
• 2:47
  I
• 2:47
  think
• 2:47
  that
• 2:48
  For
• 2:48
  a
• 2:48
  lot
• 2:48
  of
• 2:48
  people,
• 2:48
  that
• 2:48
  was
• 2:49
  like
• 2:49
  the
• 2:49
  first,
• 2:49
  kind
• 2:49
  of,
• 2:50
  the
• 2:51
  first
• 2:51
  place
• 2:51
  that
• 2:51
  we
• 2:51
  were
• 2:51
  hearing
• 2:52
  about
• 2:52
  it.
• 2:52
  I,
• 2:53
  I
• 2:53
  immediately
• 2:53
  assumed
• 2:54
  agentic
• 2:54
  AI,
• 2:55
  like
• 2:55
  an
• 2:55
  agent,
• 2:56
  a
• 2:56
  call
• 2:56
  center
• 2:56
  agent,
• 2:57
  a
• 2:57
  bot
• 2:57
  that
• 2:57
  you're
• 2:57
  interacting
• 2:58
  with
• 2:58
  on
• 2:58
  the
• 2:58
  website.
• 2:59
  Oh
• 2:59
  God
• 2:59
  no.
• 3:00
  This
• 3:00
  was
• 3:00
  like
• 3:01
  Azita
• 3:01
  and
• 3:01
  John
• 3:01
  were
• 3:02
  on
• 3:02
  stage,
• 3:03
  they
• 3:03
  were
• 3:03
  showing
• 3:03
  like
• 3:04
  a
• 3:04
  complete
• 3:05
  transformation
• 3:06
  of
• 3:06
  a
• 3:06
  DC
• 3:07
  where
• 3:07
  agentic
• 3:08
  AI
• 3:08
  just
• 3:08
  basically
• 3:09
  means,
• 3:09
  in
• 3:10
  my
• 3:10
  understanding.
• 3:11
  It's
• 3:11
  just
• 3:12
  these
• 3:12
  are
• 3:12
  the
• 3:12
  jobs
• 3:12
  that
• 3:13
  AI
• 3:13
  is
• 3:13
  doing
• 3:14
  a
• 3:14
  thousand
• 3:14
  times
• 3:15
  better
• 3:15
  than
• 3:15
  people
• 3:16
  and
• 3:16
  they
• 3:16
  are
• 3:17
  just
• 3:17
  going
• 3:17
  to
• 3:17
  catapult
• 3:18
  every
• 3:19
  single
• 3:19
  industry.
• 3:20
  And
• 3:20
  so
• 3:21
  that's
• 3:21
  where
• 3:21
  the,
• 3:22
  this
• 3:22
  11
• 3:22
  billion
• 3:23
  dollar
• 3:23
  investment
• 3:23
  in
• 3:23
  Georgia,
• 3:24
  you're
• 3:24
  just
• 3:24
  like,
• 3:25
  yeah,
• 3:25
  this
• 3:25
  is
• 3:25
  the
• 3:25
  kind
• 3:26
  of
• 3:26
  money
• 3:26
  that
• 3:26
  we're
• 3:26
  going
• 3:26
  to
• 3:26
  have
• 3:26
  to
• 3:27
  be
• 3:27
  throwing
• 3:27
  at
• 3:27
  this.
• 3:27
  This
• 3:27
  is
• 3:28
  kind
• 3:28
  of
• 3:28
  infrastructure
• 3:28
  we're
• 3:29
  going
• 3:29
  to
• 3:29
  have
• 3:29
  to
• 3:29
  be
• 3:29
  building
• 3:29
  for
• 3:30
  this
• 3:30
  to
• 3:30
  be
• 3:30
  successful.
• 3:31
  It's,
• 3:32
  it's
• 3:32
  beyond
• 3:33
  what
• 3:34
  I
• 3:34
  think
• 3:34
  we
• 3:34
  can
• 3:34
  even
• 3:35
  comprehend
• 3:35
  right
• 3:35
  now.
• 3:36
  Yeah.
• 3:36
  Or
• 3:37
  said
• 3:37
  another
• 3:37
  way,
• 3:37
  all
• 3:38
  those
• 3:38
  inventory
• 3:38
  planning
• 3:39
  and
• 3:39
  allocation
• 3:39
  jobs
• 3:39
  that
• 3:39
  are
• 3:40
  the
• 3:40
  starting
• 3:40
  grounds.
• 3:40
  Right.
• 3:41
  Most
• 3:41
  retailers,
• 3:42
  those
• 3:42
  are
• 3:42
  going
• 3:42
  to
• 3:42
  become,
• 3:43
  you
• 3:43
  know,
• 3:43
  AI
• 3:44
  agents
• 3:44
  in
• 3:44
  the
• 3:44
  long
• 3:44
  run
• 3:45
  is
• 3:45
  basically
• 3:45
  what
• 3:46
  is
• 3:46
  how
• 3:46
  I
• 3:46
  would
• 3:46
  read
• 3:47
  into
• 3:47
  that.
• 3:47
  Yeah,
• 3:48
  that
• 3:49
  what
• 3:49
  you
• 3:49
  just
• 3:49
  said.
• 3:50
  So,
• 3:50
  I
• 3:50
  mean,
• 3:50
  and
• 3:51
  I
• 3:51
  don't
• 3:51
  have
• 3:51
  much
• 3:51
  to
• 3:51
  add
• 3:51
  here.
• 3:52
  I
• 3:52
  mean
• 3:52
  I
• 3:52
  just
• 3:52
  thought
• 3:52
  of
• 3:53
  a
• 3:53
  way
• 3:53
  to
• 3:53
  put
• 3:53
  this
• 3:53
  in
• 3:53
  perspective
• 3:54
  for
• 3:54
  our
• 3:54
  audience.
• 3:55
  11
• 3:56
  billion,
• 3:56
  11
• 3:57
  in
• 3:57
  $11
• 3:58
  billion
• 3:59
  investment
• 3:59
  is
• 4:00
  more
• 4:00
  than
• 4:00
  twice
• 4:01
  the
• 4:01
  market
• 4:01
  cap
• 4:01
  of
• 4:02
  Macy's
• 4:02
  which
• 4:02
  we
• 4:02
  just
• 4:02
  talked
• 4:03
  about.
• 4:03
  Macy's
• 4:04
  market
• 4:04
  cap
• 4:04
  is
• 4:05
  $4
• 4:05
  billion.
• 4:05
  So
• 4:06
  $11
• 4:06
  billion
• 4:07
  is
• 4:07
  more
• 4:07
  than
• 4:07
  twice
• 4:07
  the
• 4:08
  value
• 4:08
  of
• 4:08
  Macy's
• 4:09
  right
• 4:09
  now.
• 4:09
  Yeah,
• 4:09
  that's
• 4:10
  the
• 4:10
  scale
• 4:11
  of
• 4:11
  the
• 4:12
  resources
• 4:12
  that
• 4:12
  we're
• 4:12
  talking
• 4:13
  about
• 4:13
  here
• 4:14
  with
• 4:14
  which
• 4:14
  Amazon
• 4:15
  has
• 4:15
  to
• 4:15
  win
• 4:16
  and
• 4:16
  forge
• 4:17
  its
• 4:17
  trail
• 4:18
  in
• 4:18
  the
• 4:18
  next
• 4:18
  generation
• 4:19
  of
• 4:19
  AI
• 4:19
  based
• 4:20
  commerce.
• 4:21
  That's
• 4:21
  crazy
• 4:21
  when
• 4:22
  you
• 4:22
  think
• 4:22
  about
• 4:22
  it.
• 4:22
  And
• 4:23
  so
• 4:23
  other
• 4:23
  retailers
• 4:24
  are
• 4:24
  not
• 4:24
  going
• 4:24
  to
• 4:24
  stand
• 4:24
  a
• 4:25
  chance.
• 4:25
  So
• 4:25
  I'm
• 4:25
  a
• 4:25
  little
• 4:25
  more
• 4:26
  like
• 4:26
  doomsday
• 4:27
  tinfoil
• 4:27
  hat
• 4:28
  here
• 4:28
  and
• 4:28
  going
• 4:29
  to
• 4:29
  understand
• 4:30
  we
• 4:30
  used
• 4:30
  to
• 4:31
  use
• 4:31
  like
• 4:31
  three
• 4:31
  or
• 4:31
  four
• 4:31
  years
• 4:32
  ago
• 4:32
  because
• 4:33
  it's
• 4:33
  going
• 4:33
  to
• 4:33
  be
• 4:33
  impossible
• 4:34
  to
• 4:34
  keep
• 4:34
  up
• 4:34
  with
• 4:34
  them.
• 4:34
  I'm
• 4:35
  not
• 4:35
  even
• 4:35
  sure
• 4:35
  Walmart
• 4:36
  can
• 4:36
  keep
• 4:36
  up
• 4:36
  with
• 4:36
  this,
• 4:36
  you
• 4:37
  know,
• 4:37
  at
• 4:37
  the
• 4:37
  end
• 4:37
  of
• 4:37
  the
• 4:37
  day.
• 4:38
  So
• 4:38
  the
• 4:38
  only
• 4:39
  path
• 4:39
  I
• 4:39
  see
• 4:39
  here
• 4:40
  is
• 4:40
  that
• 4:41
  Amazon
• 4:41
  either
• 4:42
  gets
• 4:42
  bigger
• 4:42
  and
• 4:43
  bigger
• 4:43
  and
• 4:43
  puts
• 4:43
  more
• 4:44
  retailers
• 4:44
  out
• 4:44
  of
• 4:44
  business.
• 4:45
  Right.
• 4:46
  Yeah.
• 4:47
  Or
• 4:48
  gobbles
• 4:48
  them
• 4:48
  up
• 4:48
  too,
• 4:48
  maybe
• 4:49
  acquires
• 4:49
  them,
• 4:49
  you
• 4:50
  know,
• 4:50
  who
• 4:50
  knows?
• 4:50
  Or
• 4:51
  the
• 4:51
  government
• 4:51
  gets
• 4:51
  involved
• 4:52
  and
• 4:52
  breaks
• 4:52
  up
• 4:53
  aws.
• 4:53
  Because
• 4:55
  the
• 4:55
  combination
• 4:56
  of
• 4:56
  those
• 4:56
  two
• 4:56
  is
• 4:56
  just
• 4:57
  making
• 4:57
  Amazon
• 4:58
  so
• 4:58
  powerful
• 4:58
  in
• 4:58
  this
• 4:59
  landscape
• 4:59
  that
• 5:00
  there's
• 5:00
  no
• 5:00
  way
• 5:01
  it's
• 5:01
  going
• 5:01
  to
• 5:01
  be
• 5:01
  a
• 5:01
  fair
• 5:02
  playing
• 5:02
  field,
• 5:02
  you
• 5:03
  know,
• 5:03
  with,
• 5:03
  with
• 5:03
  them
• 5:04
  being
• 5:04
  able
• 5:04
  to,
• 5:05
  you
• 5:05
  know,
• 5:05
  have
• 5:06
  that
• 5:06
  in
• 5:06
  their
• 5:06
  back
• 5:06
  pocket
• 5:07
  to
• 5:07
  dominate
• 5:07
  the
• 5:08
  space.
• 5:08
  Yeah,
• 5:09
  that's
• 5:09
  a
• 5:09
  great
• 5:09
  point.
• 5:10
  And
• 5:10
  not
• 5:10
  just
• 5:11
  Amazon.
• 5:11
  I
• 5:11
  mean,
• 5:11
  you
• 5:12
  look
• 5:12
  at
• 5:12
  all
• 5:12
  of
• 5:12
  these
• 5:12
  companies
• 5:13
  like
• 5:13
  Nvidia
• 5:14
  even,
• 5:14
  like,
• 5:14
  I
• 5:14
  think
• 5:15
  there's
• 5:16
  going
• 5:16
  to
• 5:16
  be
• 5:16
  legislation
• 5:17
  changes
• 5:17
  that
• 5:18
  have
• 5:18
  to.
• 5:18
  Because
• 5:19
  people
• 5:19
  like
• 5:20
  Nvidia,
• 5:20
  people
• 5:20
  like
• 5:20
  Amazon
• 5:21
  that
• 5:21
  have
• 5:21
  these
• 5:21
  deep
• 5:22
  pockets
• 5:22
  are
• 5:22
  investing
• 5:23
  so
• 5:23
  much
• 5:23
  money
• 5:23
  and
• 5:23
  being
• 5:23
  able
• 5:24
  to
• 5:24
  do,
• 5:24
  like,
• 5:24
  no
• 5:25
  one's
• 5:25
  going
• 5:25
  to
• 5:25
  be
• 5:25
  able
• 5:25
  to
• 5:26
  catch
• 5:26
  up
• 5:26
  with
• 5:27
  them.
• 5:27
  It's
• 5:27
  impossible.