AWS AI takeover: 5 cloud-winning plays they’re using to dominate the market

by | Jun 26, 2024 | Technology

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The video call connected with a burst of static, like the sudden death of a thousand startups. Here is Matt Wood, VP of AI products at AWS, crammed into what might be a janitor’s closet at the Collision conference in Toronto. I imagine the scene outside Wood’s video prison, as thousands of glassy-eyed developers are probably shuffling past like extras from a Kubrick film, blissfully unaware of the leviathan growing beneath their feet. Wood’s eyes gleam with secrets.

“Machine learning and AI at AWS is a multi-billion dollar business for us by ARR at the moment,” says Wood, casually dropping a figure that would send most unicorn startups into the valuation stratosphere. “We’re very bullish about generative AI in general. It’s probably the single largest shift in how we’re going to interact with data and information and each other, probably since the early internet.”

Their recent moves underscore this commitment:

A $4 billion investment in Anthropic, securing access to cutting-edge AI models and talent.

The launch of Amazon Bedrock, a managed service offering easy access to foundation models from Anthropic, AI21 Labs, and others.

Continued development of custom AI chips like Trainium and Inferentia, optimizing performance and cost for AI workloads.

As Wood speaks, methodically painting a picture of AWS’s grand strategy with broad, confident strokes, I co …

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Don’t miss OpenAI, Chevron, Nvidia, Kaiser Permanente, and Capital One leaders only at VentureBeat Transform 2024. Gain essential insights about GenAI and expand your network at this exclusive three day event. Learn More

The video call connected with a burst of static, like the sudden death of a thousand startups. Here is Matt Wood, VP of AI products at AWS, crammed into what might be a janitor’s closet at the Collision conference in Toronto. I imagine the scene outside Wood’s video prison, as thousands of glassy-eyed developers are probably shuffling past like extras from a Kubrick film, blissfully unaware of the leviathan growing beneath their feet. Wood’s eyes gleam with secrets.

“Machine learning and AI at AWS is a multi-billion dollar business for us by ARR at the moment,” says Wood, casually dropping a figure that would send most unicorn startups into the valuation stratosphere. “We’re very bullish about generative AI in general. It’s probably the single largest shift in how we’re going to interact with data and information and each other, probably since the early internet.”

Their recent moves underscore this commitment:

A $4 billion investment in Anthropic, securing access to cutting-edge AI models and talent.

The launch of Amazon Bedrock, a managed service offering easy access to foundation models from Anthropic, AI21 Labs, and others.

Continued development of custom AI chips like Trainium and Inferentia, optimizing performance and cost for AI workloads.

As Wood speaks, methodically painting a picture of AWS’s grand strategy with broad, confident strokes, I co …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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