MSFT - AI Race Update: The Tables May Finally Be Turning In Amazon's Favor
2024-06-26 02:56:45 ET
Summary
- Amazon AWS has been perceived to be a laggard in the AI race, while competitors like Microsoft Azure and Google Cloud raced ahead.
- However, new research has unveiled how enterprises are actually embracing generative AI, and the trends are creating opportunities for Amazon to sustain and grow its dominant cloud market share.
- Amazon is a stock worth buying amid the tables turning in its favor.
At the onset of this AI revolution, Amazon ( AMZN ) (AMZN:CA) was considered to be lagging its biggest cloud rivals, Microsoft ( MSFT ) and Google ( GOOG ), as it was the only major cloud service provider without a prominent generative AI model under its wings. Since then, the tech giant has partnered with a promising AI start-up called ‘Anthropic’ to catch up to Microsoft’s savvy partnership with OpenAI, and Google’s Gemini model.
Nevertheless, new research has uncovered trends into how enterprises are actually adopting AI, and the findings suggest that Microsoft Azure and Google Cloud’s initial competitive edge over Amazon’s AWS may be fading....
AI Race Update: The Tables May Finally Be Turning In Amazon's Favor