Amazon Is Building A ChatGPT Rival Codenamed 'Metis' | TalkMarkets
Amazon.com Inc (AMZN) is reportedly working on developing a new AI chatbot that will rival the well-known ChatGPT. The company's CEO, Andy Jassy, is personally overseeing this strategic project, codenamed "Metis". According to a source who spoke to Business Insider, Metis is expected to be more powerful than Amazon's current Titan foundation model.
The new AI chatbot, Metis, is anticipated to offer advanced features such as follow-up suggestions, sharing links to sources, and even image-based responses. It might also function as an AI agent capable of creating detailed plans like travel itineraries. The project is said to be in an advanced stage and could potentially launch as early as September.
Recent Developments
This news comes shortly after Amazon.com Inc. introduced "Q", a generative AI chatbot designed for writing or fixing code. While representatives of the company have refrained from commenting on the report, it aligns with Amazon's focus on artificial intelligence as the next major growth driver.
Analysts at Bank of America Securities have reiterated their "buy" rating on Amazon stock following reports that the company is considering charging for Alexa services. Amazon is working on replacing its current voice assistant with a two-tiered AI-powered Remarkable Alexa by August. The paid tier of Alexa is expected to handle more advanced tasks, potentially boosting Amazon's revenue significantly.
Future Plans
Amazon's commitment to AI innovation is further highlighted by its recent investment in Germany, where it pledged €10 billion and the creation of 4,000 jobs. The company is set to report its Q2 financial results soon, with analysts expecting significant growth compared to the previous year.
Overall, Amazon's ventures into advanced AI technologies like Metis and Remarkable Alexa demonstrate its dedication to staying at the forefront of technological innovation in the competitive AI market.
