Amazon Web Services (AWS) is making significant strides in the field of artificial intelligence (AI). AWS CEO Matt Garman emphasized the company's long-term vision, stating that teams are planning years in advance to deliver true value beyond chatbots. In line with this vision, Amazon is set to invest $100 billion over the next decade in data centers to support its AI initiatives. Analysts are optimistic about Amazon's AI prospects, with Mizuho maintaining Amazon as a top pick with a price target of $240. Mizuho's recent survey with a leading channel partner indicates that Amazon is nearing an AI inflection point, with generative AI projects expected to be commercially deployed within six months. This development is anticipated to boost inferencing activity and accelerate AWS growth by more than 25%.
Amazon $AMZN nearing AI 'inflection point': Mizuho https://t.co/LNaU2HacqB https://t.co/8THjYAbwbU
$AMZN Mizuho analysts see Amazon on the cusp of an AI inflection point, citing a recent customer survey with a leading channel partner. The investment firm's survey revealed several key trends that point to accelerated growth for Amazon's cloud computing arm, Amazon Web…
Mizuho Maintains $AMZN as Top Pick with $240 PT Mizuho sees Amazon nearing an AI ‘inflection point.’ Gen-AI projects are 6 months away from commercial deployments, potentially boosting inferencing activity and accelerating AWS growth. With increased conviction in AWS's…
Tuesday's analyst calls: Amazon near AI 'inflection point', software stock to pop more than 25% https://t.co/ey9mWddx4X
.@Amazon's @awscloud to spend $100 billion over 10-years on data centers for its #AI push The company’s financial commitment reflects the importance and high costs of AI Paywall'd: https://t.co/Ia7RwySkUy #HPC #Cloud via @dnystedt
$AMZN | Amazon Web Services Focuses On The Future, Anticipating AI Challenges Years In Advance To Deliver 'True Value' For Customers Amazon Web Services CEO Matt Garman argues there is so much more to AI than chatbots. "We have teams who think about three, five, seven years… https://t.co/j0gwLiIqOT