Amazon to invest $100M in generative AI center: Report

Amazons cloud system, commonly known as AWS, is developing a $100 million solution to catch up with Microsoft and Google in the market for generative synthetic intelligence.According to Bloomberg, the upcoming AWS Generative AI Innovation Center will link Amazon professionals in AI and device knowing with customers looking for to develop applications based on the most current technologies. With the new center, the business anticipates to sell more cloud services amidst an increasing competition in the cloud facilities market. A current analysis from Synergy Research Group comparing the biggest cloud services suppliers reveals that business spending on cloud solutions reached $63 billion worldwide in the very first quarter of 2023, up 20% from the very same quarter last year.Microsoft and Google had the strongest year-over-year growth rates, getting 23% and 10% in worldwide market share, respectively.