By
Paula ParisiSeptember 30, 2024
Visual effects studio Digital Domain has brought its Autonomous Virtual Human project to Amazon Web Services, which will provide generative AI and machine learning tools and provide Digital Domain’s creations and processes a home in the global cloud. The collaboration “aims to propel the evolution and global reach of Digital Domain’s AVH technology and expand its use for multiple industries, including entertainment, gaming, healthcare, hospitality, and commercial applications,” Amazon said in a statement that emphasizes “AWS cloud services, particularly Amazon Bedrock,” as providing the infrastructure and adaptability “to drive AVH’s growth.” Continue reading Digital Domain Leverages AWS for Its Virtual Human Initiative
By
Paula ParisiSeptember 23, 2024
Amazon will become the newest member of the Motion Picture Association (MPA), a move that is likely to have significant ramifications as the e-commerce giant throws its weight behind the global entertainment trade and lobbying organization. As the parent of both the Prime Video streaming service and MGM Studios, as well as the force behind Amazon Web Services, the company has clout across both entertainment and technology at a level that is unparalleled among MPA principals. At $2 trillion, it becomes the largest MPA member by market cap. Netflix, which joined in 2019, is capped at $300 billion. Continue reading Amazon MGM Studios and Prime Video Latest to Join the MPA
By
Paula ParisiSeptember 18, 2024
Amazon is transferring its OpenSearch platform to the Linux Foundation’s new OpenSearch Software Foundation. By handing a third-party the open-source project it has developed internally since 2021, Amazon hopes to accelerate collaboration in data-driven search and analytics, an area of focus due to the proliferation of model training. Not to be confused with commercial search (Google, Bing), engines like OpenSearch are geared toward enterprise and academia. Because it is licensed under Apache 2.0, OpenSearch is a viable starting point for organizations that customize internal platforms for searching, monitoring and analyzing large volumes of data. Continue reading AWS Transfers OpenSearch Stewardship to Linux Foundation
By
Paula ParisiAugust 8, 2024
Amazon has made the Amazon Titan Image Generator v2 model generally available to AWS customers using Amazon Bedrock. The improved v2 model allows creation using reference images (called “image conditioning”) and also allows editing capabilities, background removal, iteration and customization, with a focus on maintaining brand style and subject consistency. The new version “can intelligently detect and segment multiple foreground objects,” according to AWS cloud developer Channy Yun. “With the Titan Image Generator v2, you can generate color-conditioned images based on a color palette [and] use the image conditioning feature to shape your creations.” Continue reading Amazon Rolls Out New Upgrades to Its Titan Image Generator
By
Paula ParisiJuly 24, 2024
Amazon Prime Video is releasing a newly redesigned app that promises to bring “clarity and simplicity back to streaming” with AI-powered improvements to navigation, personalization, purchases and recommendations. Among other upgrades, the app makes it easier to quickly identify movies and series that are available to Prime members at no additional cost. Prime members had been lobbying for a brighter line between what is included with a subscription and what comes with an additional cost. A global rollout began this week, and eventually the app will be available to all Prime Video customers. Continue reading Responding to Members, Prime Video Updates User Interface
By
Paula ParisiJuly 12, 2024
Amazon announced the public preview launch of its GenAI-powered App Studio service. The platform — which is geared toward professionals who lack extensive software development skills — builds full-featured, enterprise-level apps using natural language prompts. Users simply describe what they would like the app to accomplish and the data sources available to it and App Studio will produce in minutes what the company claims, “could have taken a professional developer days to build from scratch.” The announcement was made during this week’s AWS Summit in New York City. Continue reading AWS Releases GenAI-Powered App Studio in Public Preview
By
Paula ParisiJuly 2, 2024
Amazon is increasingly betting on artificial intelligence as the key to its future growth. The company plans to spend $100 billion on data centers over the next decade — significantly more than it will spend on e-commerce and warehouse infrastructure. This is largely due to market forces. Thirty-year-old Amazon rode the e-retail wave to maturity, and the company’s AWS cloud service is now the new growth engine, driving the firm past $2 trillion in market value last week. The fifth U.S. company to hit that milestone is said to be building a new chatbot it hopes will surpass ChatGPT. Amazon also announced it has hired David Luan, co-founder of AI firm Adept. Continue reading Data and AI Propel Amazon to $2 Trillion Market Capitalization
By
Paula ParisiJune 17, 2024
Amazon has earmarked $230 million to invest in generative AI startups worldwide, providing funding in the form of “AWS credits, mentorship, and education to further their use of artificial intelligence and machine learning technologies.” The initiative will cast a global net, focusing on early-stage companies. About $80 million of that allocation will fund the second cohort of the AWS Generative AI Accelerator, which provides up to $1 million in credits “to each of the top 80 early-stage startups that are using generative AI to solve complex challenges.” Applications for the AWS Accelerator are open through July 19. Continue reading Amazon Commits $230M in AWS Credits for GenAI Startups
By
Paula ParisiMay 9, 2024
Amazon Web Services has added Bedrock Studio to the lineup of offerings at Bedrock, its cloud-based managed service for artificial intelligence. Available beginning this week in public preview, Bedrock Studio aims to greatly simplify the development of artificial intelligence apps for its subscribers, allowing them to get going “within minutes,” according to AWS. Developers can log in to the Amazon Bedrock Studio web experience using single sign-on (SSO) company credentials “and instantly start experimenting with Bedrock FMs and tools to build applications,” the cloud giant says, describing the studio as a “rapid prototyping environment” for generative AI. Continue reading AWS Simplifies AI Development with Amazon Bedrock Studio
Amazon reported $143.3 billion in Q1 revenue, a 13 percent increase year-over-year, excluding the impact from foreign exchange rates, with net income at just over $10.3 billion, a nearly 229 percent surge that set a first quarter record for the company. Both categories outperformed Wall Street expectations, with strong online sales and a booming cloud business thanks to the increased demands of artificial intelligence deployment by enterprise clients credited as driving the boom. Amazon President and CEO Andy Jassy called it “a good start to the year.” Continue reading Amazon Q1 Profits Surge on Strong Retail and AWS Comeback
By
ETCentric StaffApril 4, 2024
Amazon Web Services has launched a new cloud computing service called AWS Deadline Cloud that allows customers to set up, deploy, and scale rendering projects in what the company says is mere “minutes,” improving efficiency by facilitating parallel rendering pipelines. “With Deadline Cloud, customers creating computer graphics, visual effects, or innovating their pipelines to incorporate artificial intelligence-generated visuals can build a cloud-based render farm — aggregated compute — that scales from zero to thousands of compute instances for peak demand, without needing to manage their own infrastructure,” according to AWS. Continue reading AWS Deadline Cloud Service Scales Up Instant Render Farms
By
ETCentric StaffApril 3, 2024
Amazon has added $2.75 billion to its initial September 2023 investment of $1.25 billion in Anthropic, completing its announced $4 billion stake in the artificial intelligence startup formed in 2021 by former members of OpenAI. As part of the resulting strategic collaboration, Anthropic’s most powerful models, including the Claude 3 series, are available on Amazon Bedrock, a service providing fully managed foundation models. Anthropic is using Amazon Web Services as its primary cloud provider and Amazon says Anthropic will use AWS Trainium and Inferentia chips “to build, train, and deploy its future models.” Continue reading Amazon Increases Its Investment in Anthropic AI to $4 Billion
By
ETCentric StaffFebruary 9, 2024
Amazon’s net sales for Q4 were $170 billion, a 14 percent increase year-over-year. For the full year 2023, net sales were up by 12 percent to $574.8 billion. “This Q4 was a record-breaking holiday shopping season and closed out a robust 2023 for Amazon,” CEO Andy Jassy said in the recent earnings release. The results included October Prime Day and holiday season shopping. Outstanding Q4 performers included ad sales, up 27 percent to $14 billion, and Amazon Web Services, which brought in $24.2 billion, growing 13 percent.”What we’re most pleased with is the continued invention and customer experience improvements across our businesses,” Jassy added. Continue reading Growth in Ad Sales, AWS Drive Amazon Profit Up 200 Percent
By
Paula ParisiDecember 5, 2023
Amazon Web Services has introduced a palm-scanning identity service for enterprise clients that lets people authenticate when entering physical premises. Called Amazon One Enterprise, the new service leverages the Amazon One offering launched in 2020 to allow biometric payments in Amazon’s cashierless Amazon Go stores, bringing the technology to the workplace. At retail, Go shoppers can link payment cards to their palm-print and complete transactions by placing their hand on a scanner. While use of biometric data has raised concerns, Amazon appears to be expanding the technology’s applications. Continue reading AWS Debuts Amazon One Enterprise Palm-Scanning Service
By
Paula ParisiSeptember 26, 2023
Amazon has entered into a strategic investment in San Francisco-based Anthropic, founded by former members of OpenAI. The AI startup will train and deploy future models using AWS Trainium and Inferentia chips to train and deploy future foundation models with AWS as its primary cloud provider. In turn, Amazon says it will invest up to $4 billion in Anthropic, as it strives to compete with other technology firms in the race to develop generative AI, seeding growth for what is shaping up to be an entirely new economic and social landscape. Continue reading Amazon Plans to Invest Up to $4 Billion in AI Startup Anthropic