There’s a report saying Amazon is working on a big new language model called “Olympus.” They might announce it in December. This model is expected to be one of the largest ever, with 2 trillion parameters, which is twice as much as OpenAI’s GPT-4.
Amazon’s CEO, Andy Jassy, thinks AI that creates things will make a lot of money for the company, like tens of billions.
Even though Amazon already sells other language models, they are putting a lot of money into making this new one. People think it’s because Amazon wants more control in the AI world and to catch up with other companies like OpenAI, Microsoft, Google, and Meta.
Getting the Most Out of AI for Your Business
To stay competitive in the world of AI, companies are realizing they need to create their own AI models. Google, for example, has put a lot of money into Anthropic and has its own PaLM foundation model, making it a leader in AI.
Amazon’s Olympus project shows that they don’t want to depend on other companies for the new ideas they bring to their customers. At the same time, by investing in Anthropic, Amazon recognizes that its customers might want the latest AI solutions.
However, businesses want access to the best models, and for Amazon to meet their future needs securely and competitively, it’s better for them to offer services built from their own models rather than relying on another company’s model through an API.
What’s Happening in the AI World
The news about the Olympus initiative comes as OpenAI’s Developer Day on Monday made a big impact in the AI world. They announced a “GPT App Store” and a powerful GPT-4 Turbo model.
In the AI field, the opportunities are getting smaller as big companies take up more space. People think it’s getting harder to break into the market because there’s not enough top-quality talent, and it costs a lot to start and sell a model.
On the other hand, a German AI startup called Aleph Alpha, which focuses on “data sovereignty” (keeping data under the laws of the country it’s stored in), recently raised $500 million. This shows that the market is still active, despite some challenges.
The Olympus model project at Amazon is led by Rohit Prasad, who used to head Amazon’s Alexa and was the chief scientist for the company’s artificial general intelligence (AGI), according to the report.
Prasad’s past position suggests that Olympus might be aimed at enhancing Alexa’s voice AI features across all of Amazon’s connected devices.
Amazon is gearing up for a big move in AI with its “Olympus” model, aiming to lead the way with 2 trillion parameters. CEO Andy Jassy sees huge profits in AI. As the AI market evolves, Amazon invests heavily to control its destiny. The field is dynamic, highlighted by OpenAI’s progress and challenges, as well as Aleph Alpha’s success. Under Rohit Prasad’s guidance, the Olympus initiative shows Amazon’s commitment to shaping AI’s future.