Amazon CEO Andy Jassy doesn't believe the retail and cloud computing giant should be counted out of the artificial intelligence race just yet. Jassy has said Amazon intends to invest in AI across the company, and that AI programs have the potential to improve "virtually every customer experience." Earlier this year, AWS unveiled a generative AI service called Bedrock, where clients can use language models from Amazon and other startups to develop their own chatbots and image-generation services. AWS has also developed its own AI-specific chips, called Inferentia and Trainium, which aim to make it easier for developers to run large AI language models in the cloud. It's going up against Nvidia , whose powerful semiconductors have dominated the market for AI chips.

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Persons: Andy Jassy doesn't, Jassy, ChatGPT, Jon Fortt Organizations: CNBC, Microsoft, Google, Web Services, AWS, Nvidia