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