AI News That Broke The Internet This Week

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3. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 308    

Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. Recent reports indicate that Amazon will use Anthropic’s AI model, developed by a California-based startup, to power the latest updates to its virtual assistant, Alexa. This decision hints at shortcomings in Amazon’s in-house AI models, with some sources telling Reuters that these internal models suffer from lag times of six to seven seconds and issues with consistency and accuracy. The tech giant plans to charge $5 or $10 per month for Alexa’s advanced AI features.

Amazon.com, Inc. (NASDAQ:AMZN) is also in the news after recent reports in the media claimed that Chinese companies are bypassing US export bans on AI-related products, software, and technology by leveraging American cloud service providers. These providers, including Amazon’s AWS, have integrated AI features into their platforms over the past few months to meet the rapidly growing demand for advanced technology. A report initially published by Reuters alleges that Amazon has granted Chinese entities access to high-end AI chips and advanced models such as Claude.

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