Amazon CEO personally leads "Metis" to challenge ChatGPT, set to launch in September!

According to the latest news from Zhitong Finance and Economics APP, Amazon (AMZN.US) is actively expanding its footprint in the field of artificial intelligence. The latest development is the development of a chatbot named "Metis", aiming to compete with OpenAI's ChatGPT. It is reported that Amazon's CEO Andy Jassy has attached great importance to this project and personally participated in the development process. Despite a slight 1% decline in Amazon's stock price at the end of Monday, it has not affected the company's ambitions in the field of artificial intelligence. The Metis project is expected to use Amazon's own artificial intelligence model "Olympus" as its technical support. This model is said to be an enhanced version of the Titan base model, providing more powerful functions, including testing and image answers, sharing source links, suggesting follow-up actions, and providing the latest information through enhanced retrieval and generation technology. The functions of Metis are not limited to providing information. It can also serve as an artificial intelligence agent to help users create travel itineraries and other comprehensive plans, demonstrating Amazon's continuous efforts to enhance user experience. According to insiders, Jassy recently reviewed the latest progress of the Metis project, and the product is expected to be launched in September. Although Amazon did not comment on inquiries from Seeking Alpha, the company's actions in the field of artificial intelligence have always been closely watched by the market. In April of this year, Amazon introduced its generative artificial intelligence chatbot Q to customers. Since its first appearance in November last year, the chatbot has demonstrated the ability to write or fix code and provide multi-line code suggestions. However, the chatbot has been criticized for generating inaccurate outputs, known as "hallucinations", attributed to the rapid deployment and use of inexperienced artificial intelligence models. Amazon has been working hard to improve its artificial intelligence capabilities since then. Andy Jassy explicitly stated in a public speech in April that generative artificial intelligence is seen as a key driver of Amazon's future growth. He revealed that the company's business in this area has already generated billions of dollars in revenue, highlighting the importance of artificial intelligence to Amazon's financial contributions. At the performance briefing for the first quarter of 2024, Jassy further emphasized the strong market demand for artificial intelligence technology, indicating customers' desire to innovate business processes and enhance customer experiences using AI technology. In addition, in May, Amazon introduced an innovative AI-based search feature for its Fire TV devices, demonstrating the company's determination to integrate AI technology into its product ecosystem and further expand its presence in the smart home sector. By integrating Alexa-driven AI features into the search experience of Fire TV, Amazon is competing with other mainstream streaming devices such as Roku Inc.'s series of products and Apple's Apple TV, aiming to provide more intelligent and personalized services in terms of user experience Through these measures, Amazon has not only demonstrated foresight in the research and development of artificial intelligence technology, but also actively built its competitive advantage in this field, indicating the possibility of making more breakthroughs in intelligent assistants and enterprise automation services in the future