Core Insights - Rohit Prasad, the executive leading Amazon's AI model development, is leaving the company at the end of the year after two years of launching the Artificial General Intelligence group [1] - Prasad was instrumental in launching the Nova family of AI models, which, while efficient, still lag behind competitors like OpenAI's GPT, Anthropic's Claude Opus, and Google's Gemini [2] - Amazon is restructuring its AI initiatives, creating a new organization under Peter DeSantis to oversee AGI, AI models, silicon chip, and quantum computing efforts [2] - Pieter Abbeel, co-founder of Covariant, will now lead Amazon's frontier AI model research team following Prasad's departure [3] - The leadership changes at AWS include several recent departures and new hires, indicating a significant shift in the company's AI strategy [3][4]

Amazon on Wednesday tapped long-time cloud executive Peter DeSantis to lead a new unit that would oversee its most advanced technologies, including artificial intelligence models, custom silicon and q... ...

In Brief Amazon CEO Andy Jassy announced in a message to staff on Wednesday that longtime AWS executive Peter DeSantis will lead a new AI-focused organization within the company. This organization will be responsible for Amazon’s AI models like Nova, as well as silicon development and quantum computing, which help make AI tools faster and more efficient. DeSantis has spent 27 years at Amazon, including eight years as an SVP for AWS, the cloud provider that powers about one-third of the internet. At AWS’s r ...

Rohit Prasad, Senior VP & Head Scientist for Alexa, Amazon, on Centre Stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal.Rohit Prasad, a top Amazon executive overseeing its artificial general intelligence unit, is leaving the company at the end of this year, the company confirmed Wednesday.As part of the move, Amazon CEO Andy Jassy said in a blog post that the company is reorganizing the AGI unit under a more expansive division that will also include its silicon development and ...

Amazon AI chief Rohit Prasad is leaving at year's end, according to a memo from Amazon CEO Andy Jassy. ...

Speaking of AI today, a possible deal between OpenAI and Amazon might be valued north of10 billion. For that, we'll turn to Mackenzie Sagalas. Morning, Mac. >> Hey, good morning, Carl.This would be a big upgrade and the Amazon OpenAI relationship. We're talking about both a huge investment, plus a path for AWS to land OpenAI as a flagship customer, which is a real optics win for Amazon's Nvidia alternative. Now, as for what I'm hearing from a source close to the discussions, Amazon is looking at an equity s ...

Core Viewpoint - Amazon.com, Inc. (AMZN) has experienced a significant decline in stock momentum following its Q3 earnings report, reversing gains made during the initial rally after the earnings announcement [1]. Group 1: Earnings Performance - The stock initially rallied after the Q3 earnings outperformance but has since returned to pre-earnings levels, indicating a loss of momentum [1].

Amazon.com, Inc.’s ( AMZN ) post-earnings momentum has largely fizzled in the past month. Despite the steep rally to accompany its Q3 outperformance , the stock has reversed all of the gains, trading back at pre-earningsAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other ...

Key Takeaways Amazon is reportedly in talks with OpenAI about investing $10 billion or more in the ChatGPT maker. The deal is also expected to see OpenAI use Amazon AI chips.Earlier this year, OpenAI agreed to buy $38 billion in cloud computing capacity from Amazon Web Services over the next several years. Amazon (AMZN) could be set to unveil an investment of $10 billion or more in ChatGPT maker OpenAI. The companies are in talks for a deal that would see OpenAI buy some of Amazon's custom AI chips, an ...

Time now for Options Corner. Joining us to take a deeper look at the chart is Rick Dukat, lead a market technician. All right, so Amazon's been the underperformer within the Mag 7.What trends do you notice. >> Yes, exactly. I mean, they now has the dubious distinction of being the Mag 7's worst performer year to date.Uh Google, Tesla, and Vidia are the top three, by the way. But Amazon only up about 1% versus the S&P up almost 16% on the year and the Mag 7 group up about 19% or so. When we also look at uh A ...