Latest news with #VasiPhilomin
Yahoo
01-07-2025
- Business
- Yahoo
Amazon Top AWS Generative AI Exec Exits as Big Tech Talent War Intensifies
July 1 - Amazon (NASDAQ:AMZN) confirmed Thursday that Vasi Philomin, vice president of generative AI at Amazon Web Services, has departed the company. Philomin led AWS's generative AI efforts, including the development of Amazon Bedrock, the company's platform for building and scaling foundation model-based applications. His LinkedIn profile states he built Bedrock from the ground up, positioning it as a key tool for enterprise AI deployment. Warning! GuruFocus has detected 4 Warning Sign with AMZN. The departure comes as AWS reportedly plans to revamp Bedrock to better compete with Alphabet's (GOOGL) Google Cloud offerings. Philomin told Reuters he has joined another company, but did not provide further details. Amazon noted that Rajesh Sheth, a vice president who previously led Amazon Elastic Block Store, has taken over some of Philomin's responsibilities. Philomin's exit highlights growing competition among tech giants to attract top AI talent. Earlier this week Meta Platforms (META) was reported to have hired four OpenAI researchers to support its superintelligence initiative. Meta recently committed $14.3 billion to Scale AI and appointed its CEO, Alexandr Wang, to lead the project. As the AI arms race accelerates, companies are moving aggressively to secure experienced leadership in generative technologies. Based on the one year price targets offered by 61 analysts, the average target price for Meta Platforms Inc is $721.00 with a high estimate of $935.00 and a low estimate of $466.00. The average target implies a downside of -0.70% from the current price of $726.09. Based on GuruFocus estimates, the estimated GF Value for Meta Platforms Inc in one year is $537.77, suggesting a downside of -25.94% from the current price of $726.09. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. it is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. for deeper insights, visit the forecast page. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
Amazon Top AWS Generative AI Exec Exits as Big Tech Talent War Intensifies
July 1 - Amazon (NASDAQ:AMZN) confirmed Thursday that Vasi Philomin, vice president of generative AI at Amazon Web Services, has departed the company. Philomin led AWS's generative AI efforts, including the development of Amazon Bedrock, the company's platform for building and scaling foundation model-based applications. His LinkedIn profile states he built Bedrock from the ground up, positioning it as a key tool for enterprise AI deployment. Warning! GuruFocus has detected 4 Warning Sign with AMZN. The departure comes as AWS reportedly plans to revamp Bedrock to better compete with Alphabet's (GOOGL) Google Cloud offerings. Philomin told Reuters he has joined another company, but did not provide further details. Amazon noted that Rajesh Sheth, a vice president who previously led Amazon Elastic Block Store, has taken over some of Philomin's responsibilities. Philomin's exit highlights growing competition among tech giants to attract top AI talent. Earlier this week Meta Platforms (META) was reported to have hired four OpenAI researchers to support its superintelligence initiative. Meta recently committed $14.3 billion to Scale AI and appointed its CEO, Alexandr Wang, to lead the project. As the AI arms race accelerates, companies are moving aggressively to secure experienced leadership in generative technologies. Based on the one year price targets offered by 61 analysts, the average target price for Meta Platforms Inc is $721.00 with a high estimate of $935.00 and a low estimate of $466.00. The average target implies a downside of -0.70% from the current price of $726.09. Based on GuruFocus estimates, the estimated GF Value for Meta Platforms Inc in one year is $537.77, suggesting a downside of -25.94% from the current price of $726.09. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. it is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. for deeper insights, visit the forecast page. This article first appeared on GuruFocus.
Time of India
01-07-2025
- Business
- Time of India
Siemens recruits artificial intelligence expert from Amazon
Siemens has recruited Amazon executive Vasi Philomin to its new position of head of data and artificial intelligence , the German technology company said on Monday. The move is the latest step by Siemens as it seeks to develop AI products and applications like its Industrial Copilot . Siemens has been aiming to accelerate its transition to a technology-focussed company, with AI seen as a key area along with industrial software. In 2023, Siemens unveiled a partnership with Microsoft to use artificial intelligence to increase productivity and human-machine collaboration in the manufacturing, transportation and healthcare industries. The project will create AI copilots to assist staff at customer companies as they design new products, and organise production and maintenance. Siemens said it was delighted to welcome Philomin, who had extensive experience in machine learning and industrial scale AI applications at Amazon. Philomin will report to Siemens' managing board member Peter Koerte, who is the company's chief technology officer and chief strategy officer. "With his outstanding AI expertise and proven leadership in developing transformative technologies, he will make a decisive contribution to further expanding our data and AI capabilities," said Koerte.
Time of India
01-07-2025
- Business
- Time of India
Siemens recruits artificial intelligence expert from Amazon
ZURICH: Siemens has recruited Amazon executive Vasi Philomin to its new position of head of data and artificial intelligence , the German technology company said on Monday. The move is the latest step by Siemens as it seeks to develop AI products and applications like its Industrial Copilot . Siemens has been aiming to accelerate its transition to a technology-focussed company, with AI seen as a key area along with industrial software. In 2023, Siemens unveiled a partnership with Microsoft to use artificial intelligence to increase productivity and human-machine collaboration in the manufacturing, transportation and healthcare industries. The project will create AI copilots to assist staff at customer companies as they design new products, and organise production and maintenance. Siemens said it was delighted to welcome Philomin, who had extensive experience in machine learning and industrial scale AI applications at Amazon. Philomin will report to Siemens' managing board member Peter Koerte, who is the company's chief technology officer and chief strategy officer. "With his outstanding AI expertise and proven leadership in developing transformative technologies, he will make a decisive contribution to further expanding our data and AI capabilities," said Koerte.
Yahoo
30-06-2025
- Business
- Yahoo
Key VP Exits Amazon.com, Inc. (AMZN) As Tech Talent Competition Intensifies
Inc. (NASDAQ:AMZN) is among the 13 Best Big Name Stocks to Buy Now. According to reports, the company has lost a key AWS vice president, as competition for tech talent heats up. 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 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. 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. READ NEXT: and . Disclosure: None.
