AWS CEO Discusses New AI Innovation Center, Plus FTC vs. Microsoft/Activision 6/22/23

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Disruptors, Cnbc, Investing, Tech, Management, Business, Technology, Faang

4.5 • 66 Ratings

🗓️ 22 June 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

AWS is investing $100M in a center to help its customers use generative AI, in a push to keep up with rivals Microsoft and Google. Deirdre Bosa sits down with AWS CEO Adam Selipsky. Plus, the first of a five-day hearing between Microsoft and the FTC kicked off today, to determine the fate of a $69 billion deal to buy Activision in the U.S. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Welcome back to Power Lunch.
0:05.0	Shares of Amazon are up about 3.5% today.
0:09.0	They announced they're investing $100 million to beef up Cloud with generative AI.
0:14.1	Dear Jibosa spoke with the head of AWS, and she joins us in studio for what some are
0:18.6	describing as kind of a big catch-up play here to what we've already heard from
0:21.4	Microsoft and Google.
0:22.4	Right, or maybe it's Amazon going on the offensive, right?
0:25.4	They're perceived by Wall Street as sort of lagging behind in the generative AI race.
0:29.6	We know that Amazon has been in AI for many years.
0:32.1	They've incorporated it across many of their businesses.
0:35.2	But what this focuses on is bringing generative AI
0:38.5	tools, models, etc.
0:40.4	to their cloud customers.
0:42.1	So I sat down with the AWS CEO Adam Slitsky
0:45.0	yesterday in San Francisco,
0:47.0	and I asked him, sort of,
0:49.0	is this meant to sort of catch you up?
0:50.0	Do you care what Wall Street thinks?
0:52.0	Where is Amazon in its generative AI strategy?
0:55.2	Have a listen.
0:57.0	The reality of it is that Amazon has been working on artificial intelligence, as I mentioned earlier for longer than almost any of these
1:05.6	companies and we have a long accumulated experience we have you know many many experts you
	...

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