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Amazon working on ChatGPT competitor, CEO Jassy involved: report (AMZN)

by theadvisertimes.com
11 months ago
in Business
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Amazon working on ChatGPT competitor, CEO Jassy involved: report (AMZN)
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Amazon (NASDAQ:AMZN) is working on an artificial intelligence chatbot to compete with OpenAI’s ChatGPT and Chief Executive Andy Jassy is personally involved in the project, Business Insider reported. Amazon shares fell 1% in late trading on Monday. The project, known internally as “Metis,” would create a chatbot that could be access from a website and would be powered by an internal AI model, known as “Olympus.” Metis is said to be a more powerful version of Amazon’s own Titan foundation model, providing test and image answers, sharing links to sources, suggesting follow-ups and providing more up-to-date information using retrieval-augmented generation, the news outlet added. Metis could also be used as an AI agent, creating travel itineraries and other comprehensive plans. Jassy is directly involved in Metis and recently reviewed the progress of the project, the news outlet added, citing a person familiar with the matter. The product could be launched as soon as September. Amazon declined to comment when contacted by Seeking Alpha. In April, Amazon made its generative AI chatbot Q publicly available to customers. Q, which was first unveiled in November, is capable of writing or fixing code and is capable of making multi-line suggestions for code, Amazon said. Separately, in April, Jassy said he thought that generative AI is the company’s next pillar of growth.

(This story has been updated to include Amazon declined to comment.)



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