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Amazon’s Cloud Boss Likens Generative AI Hype to the Dotcom Bubble
Adam Selipsky, CEO of Amazon’s dominant cloud platform AWS, says generative AI is valuable but that the excitement around some AI companies is similar to when dotcom darlings were "dramatically overhyped."
Investors, academic studies, and industry reports have all predicted major disruption ahead for businesses, with trillions of dollars in future revenue on the table. Last September it announced that it would invest $4 billion in Anthropic, a startup founded by early OpenAI employees that has been developing cutting-edge language models of its own and a multifunctional chatbot named Claude. As well as a minority stake in the startup, Amazon’s deal with Anthropic will see the company use an AI chip developed by AWS, called Tranium, to build future models.
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