Amazon is thought to have “regained leadership” in AI, according to an industry analyst.
Amazon is thought to have “regained leadership” in AI.
The tech giant offers machine learning (ML) and deep learning technologies to Amazon Web Services, and experts have claimed that the artificial intelligence element has offered “growth” to the company when compared to other industry leaders.
Gil Luria, DA Davidson head of technology research, told CNBC: “If you were to focus on the two key numbers here, AWS growing 19%, which is the same as last quarter, means Amazon.com Inc (NASDAQ:AMZN) has regained the leadership in AI. Both Microsoft Azure and Google Cloud decelerated in the quarter, in fact, significantly decelerated in Google’s case, while Amazon has been able to maintain the same growth while expanding margins.
The tech analyst also noted that when it comes to Amazon’s retail department – which offers customers of its superstore the use of generative AI programme Rufus for shopping recommendations – the margins in the US are “unprecedented” and higher than ever.
He said: “And then on the retail side, eight percent margins in North America is unprecedented. It’s by far the highest they’ve ever had, and it means they’ve taken that retail business to another level in terms of profitability. So those things are great.”
Amazon ‘regain leadership’ in AI, says expert
