Amazon.com, Inc. (AMZN) Cloud Unit Strengthen Ties with TGS on Energy Data and Intelligence

Amazon.com, Inc. (NASDAQ:AMZN) is one of Motley Fool’s high-growth stock picks. On March 29, Amazon.com, Inc. (NASDAQ:AMZN) cloud unit inked a strategic agreement to become a leading cloud provider of TGS, a provider of energy data and intelligence. The agreement is poised to strengthen ties as TGS has already migrated petabytes of data to the Amazon Web Services cloud.

Amazon.com, Inc. (AMZN) Cloud Unit Strengthen Ties with TGS on Energy Data and Intelligence

christian-wiediger-rymh7EZPqRs-unsplash

TGS settled on AWS as its preferred cloud provider owing to its high-performance computing and generative artificial intelligence capabilities. The energy data company is to leverage the solution to transform how the energy industry explores and extracts resources. It will also build solutions on AWS to accelerate its AI/ML-driven seismic imaging and analytics.

Currently, TGS leverages Amazon Elastic Compute Cloud to execute parallelized workloads scaling to millions of CPUs to achieve rapid turnarounds. According to Uwem Ukpong, vice president, AWS Industries, TGS settling on AWS affirms how industry leaders are increasingly leveraging cloud computing and generative AI to transform energy exploration.

Amazon.com, Inc. (NASDAQ:AMZN) is a global technology company focused on e-commerce, cloud computing, digital streaming, and artificial intelligence. It operates the world’s largest online marketplace, provides extensive logistics and fulfillment services, and runs Amazon Web Services (AWS), the leading cloud infrastructure platform.

While we acknowledge the risk and potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 8 Best Potash Stocks to Invest in Right Now and 9 Most Undervalued Growth Stocks to Buy According to Analysts.

Disclosure: None. Follow Insider Monkey on Google News.