• SPX
  • 5998.74
  • -0.38 %
  • -22.8896
  • DJI
  • 44722.06
  • -0.31 %
  • -138.25
  • N225
  • 38349.06
  • 0.56 %
  • 214.0898
  • FTSE
  • 8274.75
  • 0.2 %
  • 16.1396
  • IXIC
  • 19060.477
  • -0.6 %
  • -115.1016

Amazon develops video AI model, The Information reports

By Reuters   |   Nov 27, 2024 at 09:49 PM EST
Amazon develops video AI model, The Information reports

(Reuters) -E-commerce giant Amazon has developed new generative artificial intelligence (AI) that can process images and videos in addition to text, making it less reliant on AI startup Anthropic, The Information reported on Wednesday.

The development of the new AI model will help Amazon reduce its reliance on Anthropic's Claude chatbot, a popular offering on Amazon Web Services (AWS), the report said, citing two people with knowledge of the matter.

The new large language model (LLM), code-named Olympus, will be able to understand scenes in images and videos and help customers search for specific scenes, such as a winning basketball shot, using simple text prompts, according to the report.

Last week, Amazon invested an additional $4 billion into OpenAI competitor Anthropic, mirroring a $4 billion investment made last year in September to capitalize on generative AI technology.

Amazon may announce Olympus as soon as next week at the annual AWS re:Invent customer conference, the Information added, citing a person familiar with the matter.

Amazon did not respond to a Reuters request for comment outside regular business hours.

The online retailer has been seeking to counter a perception that its competitors Google, Microsoft, and OpenAI have taken a lead in developing generative AI.

(Reporting by Angela Christy in Bengaluru; Editing by Varun H K and Abinaya Vijayaraghavan)

Did you find this insightful?


We are preparing, please wait

×
New Alert

Select an alert type

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.

New Alert

Setup alert

×

Premium Content

This content is only available for premium members. Please become a paid member to access.

Download App

Currently, memberships can only be purchased through the app.

×

Log In


or

download app using google store Continue with Google download app using apple Continue with Apple

Email Verification

An email with a verification code has been sent to your email address.

Welcome to Stocks.News!

Create Your Account

Email Verification

An email with a verification code has been sent to your email address.