Key VP Exits Amazon.com, Inc. (AMZN) As Tech Talent Competition Intensifies
An executive in a suit walking across the lobby of a modern commercial bank.
Vasi Philomin, who oversaw the development of generative AI and product strategy, told Reuters in an email he had left the job to join another company. An Amazon.com, Inc. (NASDAQ:AMZN) spokesperson confirmed Philomin's exit, after eight years of service.
Philomin had helped create and lead the company's Bedrock service, a vital product for AWS's battle for AI supremacy, that served as a hub for using multiple AI models. He was also a frequent speaker at AWS events.
Companies across the tech industry are deploying unique and creative techniques to hire top AI talent, including sports industry data analysis, Reuters reported last month, which has resulted in compensation skyrocketing for these professionals.
Amazon.com, Inc. (NASDAQ:AMZN) says Rajesh Sheth, a vice president who previously oversaw Amazon Elastic Block Store, had assumed some of Philomin's responsibilities. The spokesperson added that the company also has other vice presidents who work on AWS' generative AI projects.
While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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