Latest news with #NovaPremier
Globe and Mail
01-05-2025
- Business
- Globe and Mail
How Should You Play Amazon Stock Amid the Nova Premier AI Launch?
Amazon (AMZN) shares are in focus today after the tech behemoth launched 'Nova Premier' – its most capable artificial intelligence (AI) model to date. Nova Premier offers advanced capabilities at a lower operational cost than its predecessor and beats it in terms of accuracy and efficiency as well, according to AMZN's press release on Thursday. With the launch of Nova Premier that caters to enterprise clientele interested in customizable AI solutions, the company expects to strengthen its hold on the fast-growing artificial intelligence market. It could offer a much-needed reprieve to Amazon stock that's down more than 20% versus its year-to-date high at the time of writing. Amazon Stock Lacks Meaningful Upside From Here Amazon's commitment to expanding its footprint in artificial intelligence makes it attractive for the long term. However, 'with limited monetization progress,' investors should practice caution in gaining exposure to the tech stock in the near term, said Josh Beck, a Raymond James analyst, in his recent note to clients. Beck trimmed his price target on the Nasdaq-listed firm to $195 last week, indicating a lack of meaningful upside in AMZN shares from current levels. Plus, higher tariffs and the subsequently emerging trade war under President Donald Trump could also prove a significant headwind for Amazon stock in 2025, he added. Trump Tariffs Are a Major Threat to AMZN Shares Higher tariffs put Amazon shares in an unusual dilemma this year. The e-commerce giant either has to raise prices and risk losing market share – or it can leave prices unchanged and take a hit to its margins instead. Evidently, neither alternative sounds particularly positive for AMZN shares. According to Josh Beck, tariffs could hurt the titan's advertising business as well, given about 15% of its ads are linked to China. Amazon relies on the world's second-largest economy for about 30% of online gross merchandise volume as well, he added. Other Wall Street Analysts Remain Bullish on Amazon Note that Raymond James is among Wall Street firms that are more dovish on Amazon stock at the time of writing. The consensus rating on AMZN shares currently sits at 'Strong Buy' with the mean target of about $246 indicating potential upside of well over 25% from here.
India Today
01-05-2025
- Business
- India Today
Amazon unveils its most powerful AI model: All you need to know about Nova Premier in 5 points
After teasing it in December 2024, Amazon has finally released its "most capable" AI model -- Nova Premium. During its annual AWS Invent conference, the company showcased the Nova family, including the Micro, Pro and Lite models. Now, in recent months, the company has broadened its portfolio by introducing models capable of generating images and videos, along with releases focused on audio comprehension and agent-based task execution. Adding to the Nova family, the company introduced the Nova Premium as its "most capable model for complex tasks and teacher for model distillation."advertisementAccording to Amazon, Nova Premier is particularly well-suited to handling complex tasks that demand deep contextual understanding, multistep reasoning, and accurate execution across a range of tools and data sources. The new model is now available through Amazon Bedrock — the company's platform for developing AI models. But what is it, and how does it actually work? Here is everything we know about the Amazon Nova Nova Premium: All you need to know -- First things first, let's take a look at how Amazon describes the Nova Premium AI model. According to Amazon, "Premier excels at complex tasks that require deep understanding of context, multi-step planning, and precise execution across multiple tools and data sources.' Amazon is also positioning Nova Premier as "a teacher model distillation" — effectively passing on its advanced capabilities to smaller models tailored for specific tasks, resulting in a more streamlined and efficient solution. advertisement -- Like its counterparts, Nova Lite and Nova Pro, the Premier model is designed to handle input in the form of text, images, and video—though it does not support audio. What sets Nova Premier apart is its ability to tackle highly complex tasks, thanks to its advanced contextual comprehension, sophisticated multistep reasoning, and accurate coordination across various tools and data sources. It is capable of processing exceptionally lengthy documents or extensive codebases with ease.-- Nova Premier boasts of a context length of 1 million tokens—equivalent to processing approximately 7,50,000 words in a single instance. According to Amazon's internal benchmarks, this AI model has shown strong results in knowledge retrieval and visual comprehension tasks, particularly on the SimpleQA and MMMU tests. In a technical report by Amazon, it found that, "Nova Premier is also comparable to the best non-reasoning models in the industry and is equal or better on approximately half of these benchmarks when compared to other models in the same intelligence tier."-- On Amazon Bedrock, Nova Premier is priced at $2.50 (approx Rs 211) for every one million input tokens and $12.50 (approx Rs 1,057) for every one million output tokens.-- As of 1 May, Nova Premier is now accessible on Amazon Bedrock through cross-Region inference in the AWS Regions of US East (N. Virginia), US East (Ohio), and US West (Oregon). With Amazon Bedrock's usage-based pricing model, the company claims that customers are only charged for the resources they actually consume.
Time of India
01-05-2025
- Business
- Time of India
Amazon unveils Nova Premier, its most powerful AI model designed for complex tasks
Amazon Web Services (AWS) has announced the launch of Nova Premier, its most advanced and capable artificial intelligence model to date. Amazon claims that Nova Premier is designed to manage highly complex tasks and it also serves as a teacher for model distillation. Tired of too many ads? go ad free now 'Today we're expanding the Amazon Nova family of foundation models announced at AWS re:Invent with the general availability of Amazon Nova Premier , our most capable model for complex tasks and teacher for model distillation ,' said the company. The newly launched Nova Premier joins the existing Amazon Nova understanding models available in Amazon Bedrock . Amazon Nova Premier AI model: Features Amazon has revealed that Nova Premier can process input text, images and videos. The AI model comes with advanced capabilities and it can easily handle complex tasks which require deep understanding of context, multistep planning, and precise execution across multiple tools and data sources. Nova Premier is also capable of processing extremely long documents or large code bases. 'With Nova Premier and Amazon Bedrock Model Distillation, you can create highly capable, cost-effective, and low-latency versions of Nova Pro, Lite, and Micro, for your specific needs,' added Amazon. A key aspect highlighted by Amazon is Nova Premier's role in "model distillation." This technique involves training smaller, more resource-efficient AI models by leveraging the knowledge and capabilities of a larger, more powerful "teacher" model like Nova Premier. This approach could allow businesses to deploy sophisticated AI functionalities in resource-constrained environments and on edge devices. How to use Amazon Nova Premier To get started with Nova Premier, you first need to request access to the model in the Amazon Bedrock console. Tired of too many ads? go ad free now Navigate to Model access in the navigation pane, find Nova Premier, and toggle access. Once you have access, you can use Nova Premier through the Amazon Bedrock Converse API providing in input a list of messages from the user and the assistant. Messages can include text, images, and videos. Nova Premier will be integrated into AWS's existing suite of AI services, making it accessible to developers and organisations looking to build advanced AI-powered applications. Further details regarding pricing, availability, and specific use cases are expected to be announced by Amazon in the near future.
Yahoo
01-05-2025
- Business
- Yahoo
Amazon launches Nova Premier, its most capable AI model yet
Amazon on Wednesday released what the company claims is the most capable AI model in its Nova family, Nova Premier. Nova Premier, which can process text, images, and videos (but not audio), is available in Amazon Bedrock, the company's AI model development platform. Amazon says that Premier excels at "complex tasks" that "require deep understanding of context, multi-step planning, and precise execution across multiple tools and data sources." Amazon announced its Nova lineup of models in December at its annual AWS re:Invent conference. Over the last few months, the company has expanded the collection with image- and video-generating models as well as with audio understanding and agentic, task-performing releases. Nova Premier, which has a context length of 1 million tokens, meaning it can analyze around 750,000 words in one go, is weaker on certain benchmarks than flagship models from rival AI companies such as Google. On SWE-Bench Verified, a coding test, Premier is behind Google's Gemini 2.5 Pro, and it also performs poorly on benchmarks measuring math and science knowledge, GPQA Diamond and AIME 2025. However, in bright spots for Premier, the model does well on tests for knowledge retrieval and visual understanding, SimpleQA and MMMU, according to Amazon's internal benchmarking. In Bedrock, Premier is priced at $2.50 per 1 million tokens fed into the model and $12.50 per 1 million tokens generated by the model. That's around the same price as Gemini 2.5 Pro, which costs $2.50 per million input tokens and $15 per million output tokens. Importantly, Premier isn't a "reasoning" model. As opposed to models like OpenAI's o4-mini and DeepSeek's R1, it can't take additional time and computing to carefully consider and fact-check its answers to questions. Amazon is pitching Premier as best for "teaching" smaller models via distillation — in other words, transferring its capabilities for a specific use case into faster, more efficient package. Amazon sees AI as increasingly core to its overall growth strategy. CEO Andy Jassy recently said the company is building more than 1,000 generative AI applications and that Amazon's AI revenue is growing at "triple-digit" year-over-year percentages and represents a "multi-billion-dollar annual revenue run rate." This article originally appeared on TechCrunch at Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
Amazon launches Nova Premier, its most capable AI model yet
Amazon on Wednesday released what the company claims is the most capable AI model in its Nova family, Nova Premier. Nova Premier, which can process text, images, and videos (but not audio), is available in Amazon Bedrock, the company's AI model development platform. Amazon says that Premier excels at "complex tasks" that "require deep understanding of context, multi-step planning, and precise execution across multiple tools and data sources." Amazon announced its Nova lineup of models in December at its annual AWS re:Invent conference. Over the last few months, the company has expanded the collection with image- and video-generating models as well as with audio understanding and agentic, task-performing releases. Nova Premier, which has a context length of 1 million tokens, meaning it can analyze around 750,000 words in one go, is weaker on certain benchmarks than flagship models from rival AI companies such as Google. On SWE-Bench Verified, a coding test, Premier is behind Google's Gemini 2.5 Pro, and it also performs poorly on benchmarks measuring math and science knowledge, GPQA Diamond and AIME 2025. However, in bright spots for Premier, the model does well on tests for knowledge retrieval and visual understanding, SimpleQA and MMMU, according to Amazon's internal benchmarking. In Bedrock, Premier is priced at $2.50 per 1 million tokens fed into the model and $12.50 per 1 million tokens generated by the model. That's around the same price as Gemini 2.5 Pro, which costs $2.50 per million input tokens and $15 per million output tokens. Importantly, Premier isn't a "reasoning" model. As opposed to models like OpenAI's o4-mini and DeepSeek's R1, it can't take additional time and computing to carefully consider and fact-check its answers to questions. Amazon is pitching Premier as best for "teaching" smaller models via distillation — in other words, transferring its capabilities for a specific use case into faster, more efficient package. Amazon sees AI as increasingly core to its overall growth strategy. CEO Andy Jassy recently said the company is building more than 1,000 generative AI applications and that Amazon's AI revenue is growing at "triple-digit" year-over-year percentages and represents a "multi-billion-dollar annual revenue run rate." Sign in to access your portfolio
