Google recently announced its initiative called the AI Futures Fund, aiming to invest in AI startups. This venture is designed to provide capital, early access to unproduced AI models, and support from Google’s internal experts. To date, Alphabet, Google’s parent company, has already invested in 38 AI firms, including notable acquisitions such as DeepMind, Waymo, […]
Amazon has launched a new feature called "Recaps" for Kindle users, aimed at helping them recall plot points and character arcs before diving into the latest book in a series. Though Amazon’s initial announcement did not mention artificial intelligence, the company confirmed to TechCrunch that the recaps are indeed generated using AI technology. Ale Iraheta, […]
Amazon has unveiled its latest advancement in artificial intelligence, the Nova Act, a robust AI model designed to enhance the capabilities of smart agents within web environments. Traditionally, AI agents were limited to answering queries through methods like Retrieval-Augmented Generation (RAG). However, Amazon aims to redefine this concept, envisioning agents that can undertake complex, multi-step […]
Amazon Echo users are facing a significant change as the company announces that starting March 28, voice recordings will no longer be processed locally on devices. Instead, all recordings will be sent directly to Amazon’s cloud. This decision was disclosed via an email from Amazon to users who have previously enabled the "Do Not Send […]
Amazon has announced the formation of a new group within AWS focused on creating agentic AI systems designed to help automate various aspects of daily life. According to a report from Reuters, AWS CEO Matt Garman emphasized that agentic AI holds significant potential, possibly leading to the next multi-billion dollar opportunity for the company. The […]
Amazon has announced a significant plan to invest over $100 billion in AI for 2025, marking a considerable increase from its earlier projection of $75 billion for the same year. This spending primarily focuses on enhancing their Amazon Web Services (AWS) cloud division’s AI capabilities. CEO Andy Jassy highlighted that the fourth-quarter capital expenditures of […]
The Federal Trade Commission (FTC) released a staff report highlighting antitrust concerns tied to partnerships between major tech firms and generative AI developers. The report scrutinizes Microsoft’s relationship with OpenAI and the collaborations between Amazon, Alphabet, and Anthropic. FTC Chair Lina Khan pointed out that such partnerships could lead to market lock-in, hinder startups from […]
Amazon is contemplating increasing its investment in Anthropic, a significant competitor to OpenAI. According to a report from The Information, Amazon is engaged in discussions for a multi-billion dollar investment in Anthropic, marking its first financial commitment to the company since a $4 billion deal completed last year. The structure of the new investment mirrors […]
Amazon is preparing to introduce an updated version of its Alexa voice assistant, set to launch in October just in time for the US shopping season. Known internally as “Remarkable,” this new version will incorporate Anthropic’s Claude AI models. Reports from insiders reveal that this development follows the subpar performance of Amazon’s previous software endeavors. […]
Dashveenjit is an experienced tech and business journalist with a determination to find and produce stories for online and print daily. She is also an experienced parliament reporter with occasional pursuits in the lifestyle and art industries. Chinese organizations are leveraging cloud services from Amazon and its competitors to access advanced US AI chips and […]