Latest / Elon Musk Podcast / ChatGPT Beware - Amazon Dives Headfirst into the Generative AI Arena

Transcript

ChatGPT Beware - Amazon Dives Headfirst into the Generative AI Arena · Elon Musk Podcast

• 0:05
  Hey, everybody, and welcome back to the Elon Musk podcast.
• 0:08
  I'm your host will Walden. And on this episode, we're going
• 0:11
  to be talking about a I now we're going to be talking about
• 0:15
  AI because Elon Musk and Tesla are one of the four founders of
• 0:20
  modern Ai and they're going to be working really hard to make
• 0:23
  sure that everybody has a i in their future vehicles and their
• 0:28
  Tesla's in the robots as well. And this is sort of about Tesla.
• 0:33
  Now, am Has on the CEO, Andy Jesse confirmed on Thursday that
• 0:39
  the tech giant is betting big on generative, Ai and large
• 0:44
  language models the LMS, which he believes will be
• 0:47
  transformative and a big deal for Amazon's business customers
• 0:51
  and shareholders in the future. In a second, annual letter to
• 0:54
  shareholders, Jesse highlighted that Amazon will invest heavily
• 0:58
  in these Technologies to set the company up for decades of
• 1:02
  innovation and every area of it. Business.
• 1:05
  Now this move comes as to of Amazon's fellow big Tech,
• 1:09
  Giants, Microsoft, and alphabet parent.
• 1:12
  Google have also announced major investments in generative AI
• 1:16
  this year, Microsoft launched a new version of Bing search
• 1:21
  engine powered by open eyes, chant GPT in February.
• 1:24
  While Google released its bar day, I chat bot to users in the
• 1:27
  US and the UK last month. Now these developments signal
• 1:33
  erase amongst Tech Giants, including Tesla to harness the
• 1:36
  power of AI and integrated into the product offering and as AI
• 1:42
  technology continues to advance companies that can effectively
• 1:46
  leverage, these tools stand to gain a Competitive Edge in the
• 1:50
  market. Now to Showcase its commitment
• 1:53
  to a, i Innovation, Amazon unveiled, its generative AI
• 1:57
  toolkit called Bedrock on. Thursday Bedrock is a Sweet of
• 2:02
  generative, AI tools designed for Amazon web services or AWS
• 2:06
  customers allowing them to build chatbots, generate text and
• 2:10
  create images all together and with bedrock ews users can
• 2:15
  perform specific tasks by selecting from a range of
• 2:18
  machine learning models. It calls Foundation models such
• 2:22
  as a i 21s Jurassic to anthropic Squad stability, AI stable,
• 2:30
  diffusion and Amazon tighten, these Foundation models enable
• 2:35
  businesses to develop tailored solutions, that meet their
• 2:38
  unique needs and objectives. And I have to take a step back
• 2:42
  here because Elon Musk is also investing, billions of dollars
• 2:48
  into AI with Twitter. We don't know what's going on
• 2:51
  with that quite yet, but I'll keep you up-to-date with that.
• 2:54
  And if you can hit the Subscribe button, on whatever podcast
• 2:57
  platform, you're on right now, you'll get notified when that
• 3:00
  happens. And now.
• 3:01
  For example, say if I content manager could use this Amazon's
• 3:05
  Bedrock to create a targeted ad campaign for a new line of
• 3:09
  Handbags. And by feeding it data Bedrock
• 3:12
  can generate products social media posts automatically
• 3:16
  display ads and web copy for each product, which streamlines
• 3:21
  the marketing process and drives results which also drives money.
• 3:26
  And as generative AI tools become more widely available,
• 3:30
  people are flocking to Consumer-facing tools like chat
• 3:33
  GPT to start their own businesses or Implement them and
• 3:37
  existing operations to boost productivity.
• 3:40
  Now, if the Amazons entry into the generative AI Market
• 3:43
  competition, amongst Tech, Giants is sure to heat up in a
• 3:48
  bid to maintain its dominant position in the cloud services
• 3:51
  Market, Amazon web services, faces headwinds from Rivals, and
• 3:55
  it needs to Canadian continue innovating.
• 3:57
  Now Jesse who succeeded Amazon founder, Jeff Bezos.
• 4:01
  Is the company CEO in July of 2021 hopes that Amazon's move
• 4:05
  into a, I will help boost the company's stock price which size
• 4:10
  significant decline in 2022. It is first full year has been
• 4:15
  in charge here. Now, despite these challenges
• 4:17
  Amazon shares have rebounded, 16% 2023.
• 4:21
  Is part of a wider range for techspot, stocks and investors
• 4:24
  are betting that the Federal Reserve will soon pause its
• 4:28
  interest rate hiking Campaign which could provide a more Apple
• 4:31
  environment for tech companies. Amazon's gendered of AI.
• 4:36
  Toolkit Bedrock is currently limited to select AWS customers
• 4:42
  however its earlier adopters include coda in AI document
• 4:47
  generation firm used by companies like uber and the New
• 4:51
  York Times which is leveraging bedrock to scale its business
• 4:54
  operations with Amazon's investment in generative Ai and
• 4:58
  LMS. The company is poised to play
• 5:00
  significant role in. Shaping the future of AI driven
• 5:03
  services and solution. And a I will continue to
• 5:07
  revolutionize various Industries and Amazon's foray into the
• 5:11
  space could unlock new opportunities for its business
• 5:15
  and its customers. Now, this commitment to
• 5:18
  generative Ai and large language models signals a bold move by
• 5:23
  another Tech Giant to position itself at the Forefront of AI
• 5:27
  driven, Innovation, by entering the generative AI Market.
• 5:31
  Amazon is now competing directly with Microsoft and Google and
• 5:36
  Tesla and chat, GPT and further intensifying the race to harness
• 5:42
  the power of AI and develop cutting-edge Solutions and as
• 5:46
  they invest in AI, research and development.
• 5:49
  It's likely that they'll explore new applications or generative,
• 5:53
  a Iowa, lme's various sectors, such as e-commerce advertising
• 5:57
  Logistics, customer service and More in these advancements.
• 6:01
  Could lead to improved customer experiences, streamline their
• 6:05
  operations and increase efficiency across the Amazon
• 6:09
  ecosystem as a whole now, their investment agenda.
• 6:14
  Today I nlm's may have broader implications for the industry
• 6:18
  and has more Tech, Giants, and startups continue to focus on AI
• 6:22
  development. We can expect to see rapid
• 6:24
  advancements in AI capabilities because of the competition and
• 6:28
  leading this Innovative solution.
• 6:31
  The transforms the way that businesses will operate in the
• 6:34
  future and individuals will also interact with technology.
• 6:40
  Now, Amazon is going to be looking towards the future of AI
• 6:43
  and it's going to invest heavily in generative Ai and LMS and
• 6:47
  they're going to have a strategic Vision that
• 6:50
  acknowledges the transformative potential of these Technologies
• 6:53
  and as AI tools and platforms become increasingly
• 6:57
  sophisticated, Amazon's proactive approach to harnessing
• 7:00
  these capabilities. Le T's could position.
• 7:03
  The company is a leader in the AI Revolution and I could take
• 7:07
  out Microsoft they could take out alphabet and there's a
• 7:10
  possibility that they could also compete directly with Tesla or
• 7:15
  x.com, which was Twitter. Now ultimately Amazon's entrance
• 7:20
  into the generative AI space signals a new chapter for
• 7:25
  Amazon, the company, the customers shareholders, and as
• 7:30
  the race for it. I Supremacy amongst Tech Giants
• 7:33
  continues to heat up. Amazon is going to generate a i
• 7:38
  and El LMS and they could prove to be a game-changing
• 7:41
  investment, that shapes the future of AI technology and
• 7:46
  businesses for years to come, I want to say thank you for
• 7:50
  listening to the show today. I appreciate your time and I
• 7:53
  appreciate you spending it here with me.
• 7:55
  Now, if you could take a second, it hit the Subscribe button, on
• 7:58
  whatever podcast platform you're on, I'd greatly appreciate it.
• 8:02
  Thanks so much for listening, take care of yourselves and each
• 8:05
  other and I'll see you next time.