In his annual letter to shareholders, Jeff Bezos’ successor and Amazon.com Inc (NASDAQ:AMZN) CEO Andy Jassy highlighted the potential of artificial intelligence (AI) to revolutionize the tech industry.
What Happened: Jassy’s letter, released on Thursday, emphasized the significance of AI in the future of technology.
He suggested that generative AI could be the most significant technological shift since the cloud. "Generative AI may be the largest technology transformation since the cloud (which itself, is still in the early stages), and perhaps since the Internet."
"The amount of societal and business benefit from the solutions that will be possible will astound us all."
He outlined Amazon’s three-layered approach to AI: building foundational models, leveraging existing ones, and using pre-built gen ...