Generative Artificial Intelligence (AI) may be the biggest technological change since the Internet, according to Andy Jassy, Amazon's chief executive officer. 1 Stock Worth Buying If He's Right.

existAmazon (NASDAQ resonance code: AMZN)In his annual shareholder letter released on Thursday, Chief Executive Officer Andy Jassy(Andy Jassy)Generative AI is probably the biggest technological change since cloud computing ...... and probably since the Internet," he said. If his excitement about artificial intelligence (AI) can be gauged from that statement, he went on to say: "The amount of social and commercial benefits ...... will astound us all.

There's no denying that artificial intelligence has the potential to bring a windfall to companies that get a head start. You might be surprised to learn that Amazon is one such company. Much of this world-changing AI will be built on top of Amazon Web Services (AWS)," according to Jassy.

Amazon goes all-in on artificial intelligence

Whereas many thought Amazon was behind the curve when AI adoption really took off last year, that argument is flawed. Since then, the company has rolled out a series of AI programs across its vast retail and cloud computing empire. It has developed dedicated processors to run AI models, AI-microsoft applications to help its e-commerce customers, and Q, a conversational digital assistant, to help AWS users. Amazon has also further boosted its capabilities with a $4 billion stake in startup Anthropic AI.

But Amazon's forward-thinking strategy should excite AI investors, and Jassy's vision is not focused on creating killer apps for曏 consumers (such as ChatGPT), but on providing developers with the foundational AI models and components needed to create customized AI systems to meet their needs.

Amazon has also announced the addition of famed AI pioneer Andrew Ng to its board of directors. Andrew Ng may not be a household name, but he is a superstar in the field of artificial intelligence.

2011.AlphabetFor the first time to start the "Google Brain" project, the development of deep learning neural networks, teaching artificial intelligence to recognize images, the project led by Stanford University computer scientist Andrew Ng (Andrew Ng) and the famous artificial intelligence researcher, Google researcher Jeff Dean (Jeff Dean). The project has been a huge success and is regarded as a catalyst for modern artificial intelligence.

Andrew Ng's extensive experience will help Amazon succeed in the field of artificial intelligence. Amazon's stock price is only 3 times sales, making it a very attractive valuation.

Should You Invest $1,000 in Amazon Now?

Before buying Amazon stock, consider the following:

Motley Fool Stock AdvisorA team of analysts have just selected what they believe to be the most popular analysts in the world at the moment.-est (superlative suffix)The name of the person is suitable for the investor to purchase10Only ...... and Amazon is not one of them. The 10 stocks that made the list could generate huge returns in the coming years.

Stock AdvisorIt provides investors with an easy-to-understand blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. Since 2002, StockAdvisorThe service has more than doubled the return on the S&P 500 Index.

View these 10 stocks

*Stock Advisor's Circular as of April 8, 2024

Suzanne Frey, an Alphabet executive, is a board member of The Motley Fool. John Mackey, former chief executive officer of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's Board of Directors. Danny Vena owns shares of Alphabet and Amazon. The Motley Fool holds shares of Alphabet and Amazon. The Motley Fool has a disclosure policy.

Generative Artificial Intelligence (AI) may be the biggest technological change since the Internet, according to Andy Jassy, Amazon's chief executive officer. 1 Stock Worth Buying If He's Right was originally published by The Motley Fool.