Latest news with #SageMaker
Business Insider
3 days ago
- Business
- Business Insider
Wall Street Praises Amazon (AMZN) for Adding OpenAI Models to AWS
Wall Street praised Amazon (AMZN) after the tech company announced that OpenAI's open-weight models are now available through its AWS cloud platform. These models can be used by businesses through Amazon's Bedrock and SageMaker tools, which help companies build AI applications using their own data. While this isn't a huge shift in the AI cloud race that is currently led by tech rival Microsoft (MSFT), analysts still see it as a positive first move for Amazon, especially since its recent cloud earnings left investors wondering if AWS was falling behind. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to BofA Securities, this new arrangement doesn't mean AWS will benefit from OpenAI's infrastructure spending the way Microsoft does, but it does give AWS a chance to make money by offering services built around these models. AWS head Matt Garman described the partnership as a 'powerhouse combination' that combines OpenAI's technology with AWS' scale and security. Although OpenAI remains closely tied to Microsoft, it recently began allowing other cloud providers like Oracle (ORCL) and CoreWeave (CRWV) to host its models, which created space for new partnerships like this one with Amazon. It is worth noting that right now, Amazon is only offering access to OpenAI's freely available open-weight models, not the more powerful 'closed' models like GPT-5. Still, analysts, like those at New Street Research, believe this could be the start of something bigger. Amazon already supports open models from Meta (META) and Alphabet (GOOGL), and this adds to its AI offerings. Although Amazon's cloud growth has been slower than Microsoft's and Google's, and its stock dropped 8% after Q2 earnings, some analysts are optimistic that the OpenAI partnership could give AWS a much-needed boost. What Is the Price Target for AMZN Stock? Turning to Wall Street, analysts have a Strong Buy consensus rating on Amazon stock based on 43 Buys and one Hold assigned in the past three months. Furthermore, the average AMZN stock price target of $264.21 per share implies 18.6% upside potential from current levels.
Yahoo
5 days ago
- Business
- Yahoo
Amazon Will Offer OpenAI Models to Customers for First Time
(Bloomberg) -- Inc. plans to make OpenAI's latest artificial intelligence models available to customers, the first time the cloud computing giant has offered products from the leading AI startup. PATH Train Service Resumes After Fire at Jersey City Station Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds All Hail the Humble Speed Hump Amazon will offer the tools on its Bedrock and SageMaker platforms and said that their advanced reasoning capabilities make them suited for AI agents. The OpenAI models will help the company's cloud division, Amazon Web Services, meet demand from customers who want access to a variety of tools to figure out which ones work best for their needs, Atul Deo, general manager of Amazon Bedrock, said in an interview. 'We want to give customers choice and flexibility,' he said. OpenAI announced its new models on Tuesday and said they can carry out complex tasks like writing code and looking up information online on a user's behalf. The models are 'open-weight' systems — a design that makes it easier for developers to customize them. Previously Microsoft Corp. was the only cloud provider that could resell OpenAI software, an advantage that has helped its Azure division grow faster than AWS. Amid concerns that Amazon is lagging behind its rivals in AI, Chief Executive Officer Andy Jassy has positioned AWS as a kind of supermarket that sells a range of AI tools to businesses. The company's Bedrock software platform was designed to make it easier to access other companies' large language models, as well as Amazon's own. The company also has partnered with Anthropic, investing $8 billion in the AI startup and using the relationship to bolster its credentials in AI services. AWS offers Anthropic's Claude models to clients on its AI marketplace. Anthropic plans to release a new version of its most powerful AI model on Tuesday that the company claims is more capable at coding, research and data analysis. Amazon shares rose about 1% at 2:59 p.m. in New York. The stock has declined about 2.6% so far this year compared with a 7.3 increase in the S&P 500. Amazon last week projected weaker-than-expected operating income for the current quarter and trailed the sales growth of its main cloud rivals, leaving investors looking for signs that the company's huge investments in AI are paying off. During the second quarter, AWS revenue grew a little more than 17% to $30.9 billion, barely surpassing analysts' average estimate of $30.8 billion. Amazon last year named Matt Garman the cloud division's CEO. A longtime AWS engineering leader who was previously sales chief, Garman succeeded Adam Selipsky. --With assistance from Matt Day. (Updated with executive quote in fourth paragraph) Russia's Secret War and the Plot to Kill a German CEO AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Government Steps Up Campaign Against Business School Diversity What Happens to AI Startups When Their Founders Jump Ship for Big Tech How Podcast-Obsessed Tech Investors Made a New Media Industry ©2025 Bloomberg L.P.
Hans India
7 days ago
- Business
- Hans India
AWS Bets Big on India's AI Future with ₹1.11 Lakh Crore Investment
In a bold move to position India as a key player in the global race for artificial general intelligence (AGI), Amazon Web Services (AWS) has announced a massive investment of ₹1.11 lakh crore (approximately $12.7 billion) to be deployed by 2030. This commitment is aimed at strengthening India's AI and cloud infrastructure, marking one of AWS's most ambitious plans in the country to date. The investment will be directed toward the expansion of data centres, enhancement of networking systems, and the development of cutting-edge AI-ready computing infrastructure. The scale of this initiative underlines AWS's confidence in India's potential to emerge as a global AI powerhouse. Swami Sivasubramanian, Vice President at AWS for Agentic AI, recently visited India and emphasized the importance of investing in core infrastructure to stay ahead in the evolving AI landscape. 'You need all these investments in computer infra to power those future developments in a big way,' he noted during his visit. The tech giant sees India's fast-growing developer ecosystem and dynamic startup culture as foundational to this vision. With a strong pipeline of tech talent and an increasing appetite for innovation, India presents an ideal environment for next-generation AI development. Beyond technological advancements, AWS's plan carries significant economic implications. According to estimates, the investment will create over 81,000 full-time jobs each year. A notable portion—$8.3 billion—is earmarked specifically for Maharashtra, expected to generate substantial employment and contribute close to $15 billion to the national GDP by 2030. Sivasubramanian commended India's developer community, calling it 'one of the most vibrant,' and highlighted their enthusiasm for adopting and building with emerging technologies. His remarks reinforce AWS's strategic confidence in India's ability to lead in AI research, innovation, and deployment. AWS has been operating in India since 2016, with existing cloud regions in Mumbai and Hyderabad. Over the years, it has trained more than four million individuals in cloud computing, significantly bolstering the country's digital capabilities. The new investment builds on this momentum and aims to support both public and private sectors in leveraging generative AI more effectively. As part of the expansion, AWS plans to roll out tools such as Amazon Q Business, Bedrock, and SageMaker, all designed to make AI adoption more accessible for Indian enterprises and government agencies. In a move that could mirror the transformative impact of UPI on digital payments, the company is also preparing to launch the AWS Marketplace in India by the end of 2025, streamlining software procurement for businesses. This strategic infusion of capital and infrastructure is not only a testament to India's growing technological relevance but also a clear signal that AWS envisions the country playing a central role in shaping the future of artificial intelligence on a global scale.
India Today
04-08-2025
- Business
- India Today
Amazon backs India as next global AGI powerhouse with Rs 1,11,000 crore AI push
Amazon Web Services (AWS) is making one of its biggest moves in India yet, with a fresh Rs 1.11 lakh crore ($12.7 billion) investment aimed at turning the country into a key global centre for artificial general intelligence (AGI). The investment, which will run through 2030, focuses on expanding cloud infrastructure and preparing the ground for next-generation AI plan includes building advanced data centres, improving networking systems, and setting up powerful computing resources that can support large-scale AI projects. According to a report by Business Standard, AWS believes India's fast-growing developer base and startup culture offer the right environment to support such ambitious Sivasubramanian, vice president at AWS for Agentic AI, recently visited India and spoke about the scale of this push. He said the world is seeing a big shift in what AI can do, and setting up the right infrastructure is crucial to keep up. 'You need all these investments in computer infra to power those future developments in a big way,' he said. This move comes as competition in the global AI space heats up, especially between the United States and China. By backing India with a major capital infusion, AWS appears to be supporting the idea of India becoming the third big force in the AI also praised India's tech talent. 'The Indian developer community is one of the most vibrant,' he said, adding that developers here are eager to learn and adopt new Rs 1.11 lakh crore commitment adds to AWS's existing operations in India, which already include two cloud regions in Mumbai and Hyderabad. The company has been present in India since 2016 and has already trained over 4 million people in cloud skills, helping to build a strong tech says its upcoming AI tools like Amazon Q Business, Bedrock, and SageMaker will help more Indian businesses and government bodies use generative AI. The company also plans to launch AWS Marketplace in India by the end of 2025, which could make software buying for businesses easier—similar to the impact UPI had on digital from supporting AI development, the investment is expected to boost the Indian economy. A part of this investment, which is $8.3 billion allocated for Maharashtra, is projected to create over 81,000 full-time jobs every year and add around $15 billion to India's GDP by 2030.- Ends
Yahoo
11-07-2025
- Business
- Yahoo
Amazon.com (AMZN) Faces Challenges in AI Leadership
Longriver Investment Partners released its "Longriver Partners Fund" second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the quarter, the fund returned 11.7% (net), bringing the year-to-date return to 11.4%. This compares to the benchmark, the MSCI AC World USD Net Index, which returned 11.5% for the quarter and 10.0% year-to-date. The Fund has gained 55.6%, compared to 58.0% for the benchmark, since inception. The investment strategy focuses on harnessing the long-term value created by the holding companies. The fund primarily invests in big tech companies known for consistent performance and have built-in opportunities for profit reinvestment. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second quarter 2025 investor letter, Longriver Partners Fund highlighted stocks such as Inc. (NASDAQ:AMZN). Inc. (NASDAQ:AMZN) provides consumer products, advertising, and subscription services through online and physical stores. The one-month return of Inc. (NASDAQ:AMZN) was 7.46%, and its shares gained 13.07% of their value over the last 52 weeks. On July 10, 2025, Inc. (NASDAQ:AMZN) stock closed at $222.26 per share, with a market capitalization of $2.36 trillion. Longriver Partners Fund stated the following regarding Inc. (NASDAQ:AMZN) in its second quarter 2025 investor letter: AWS remains the largest cloud by revenue, but it missed the AI moment. It was late to LLMs, late to inference, and slow to partner with Nvidia. ' Inc. (NASDAQ:AMZN) has the weakest AI story of the big three,' said one expert. 'Bedrock is still a framework. Customers want solutions.' SageMaker remains underutilised. Trainium and Inferentia have yet to gain real traction, blunting the cost advantages AWS is banking on. Inc. (NASDAQ:AMZN) is in first position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 328 hedge fund portfolios held Inc. (NASDAQ:AMZN) at the end of the first quarter compared to 339 in the fourth quarter. In Q1 2025, Inc. (NASDAQ:AMZN) achieved global revenue of $155.7 billion, representing an 10% year-over-year growth excluding the impact of foreign exchange. 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. In another article, we covered Inc. (NASDAQ:AMZN) and shared the list of best stocks to invest in for good returns. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
