AWS is investing $100 million in generative A.I. center in race to keep up with Microsoft and Google

CNBC June 22, 2023
Jordan Novet

Key Points

– Amazon’s cloud unit said Thursday that it’s allocating $100 million for a center to help companies use generative artificial intelligence.

– Microsoft and Google have made splashier announcements so far in regard to how they’re using generative AI in their products.

– “The point is, you’re three steps in, and it’s a 10K race,” AWS CEO Adam Selipsky told CNBC.

Amazon’s cloud unit said Thursday that it’s allocating $100 million for a center to help companies use generative artificial intelligence, the technology that’s taken off in the months since OpenAI unleashed its ChatGPT chatbot on the public.

It’s a small investment for a company with $64 billion in cash and half a trillion dollars a year in...

Today's Sponsors

Today's Sponsor