3 months, 4 weeks ago

AWS re:Invent 2024: Amazon unveils Nova, new collection of AI models, to take on OpenAI, Google, Microsoft

Amazon is pitching Nova as a cost-effective and efficient alternative in the AI market. The company claims the models are at least 75 per cent cheaper and faster than similar offerings available through AWS servers Amazon has stepped into the generative AI arena with its boldest move yet, unveiling its own suite of artificial intelligence models. Amazon Nova, a new player in AI The Amazon Nova lineup features six foundation models designed to tackle a variety of tasks, from text generation to video creation. While tech giants like Google and Microsoft may lead the generative AI pack, AWS’s dominance in cloud computing gives Amazon a strategic edge. Cloud infrastructure is essential for running AI tools, and Amazon’s established expertise in this area could make Nova a formidable contender in the market.

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