Amazon’s CEO, Andy Jassy, is reassuring investors about the company’s significant investments in generative artificial intelligence (AI), aiming to secure a strong future payoff. Following Amazon’s third-quarter earnings report, Jassy highlighted how the success of Amazon Web Services (AWS) showcases the long-term potential of high-capital investments, despite considerable costs. Generative AI Driving Capital Expenditure Growth…

Google Maps is introducing a suite of AI-enhanced features powered by Gemini, Google’s generative AI model, to enhance the app’s usability and user experience. These updates, initially available in the U.S., will provide users with AI-driven suggestions, navigation improvements, and enhanced location information on both Android and iOS. AI-Powered Location Recommendations The Gemini-powered update allows…

Meta has been so quick to build out its massive data center and computing infrastructure for artificial intelligence projects that CEO Mark Zuckerberg is even a bit surprised. In a call with analysts on Wednesday after Meta’s third-quarter earnings report, Zuckerberg explained to investors how Meta’s rising costs for the year are tied to the speed at which employees are…