Amazon's new multimodal AI model, code-named Olympus, could help the Big Tech giant move away from its reliance on Anthropic.

E-commerce giant Amazon has developed new generative artificial intelligence (AI) that can process images and videos in addition to text, making it less reliant on AI startup Anthropic, The Information reported on Wednesday.

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In the case of Amazon and Anthropic, the companies maintain that teams are writing ‘low-level kernels,’ so that parts of the system can interface directly with the Trainium processor as hardware, in the words of spokespersons, the ‘Trainium silicon.’

Discover how Microsoft leads the pack in cloud AI engagement, leaving Amazon and Google in the dust with groundbreaking and innovative strategies.

We recently published a list of 15 AI News Updates That Investors Are Watching. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against the other AI stocks.

Vrai AI claims to distinguish between real and fake products with near perfect accuracy.

Chip designer Nvidia, which skyrocketed into one of the most valuable companies in the world this year, has also ramped up efforts to become more energy efficient. Its next-generation AI chip, Blackwell, unveiled in March, has been marketed as being twice as fast as its predecessor, Hopper, and significantly more energy efficient.

The generative AI landscape is crowded, with global tech giants vying for dominance. OpenAI, which secured $6.6 billion in funding in October, now boasts a valuation of $157 billion. Meanwhile, Elon Musk 's xAI is seeking investments that could push its valuation to $40 billion.

Anthropic announced it received an additional $4 billion investment from Amazon as they deepened their partnership with AWS becoming its primary cloud and training partner.

The cloud computing giant won’t dislodge the incumbent anytime soon but is hoping to reduce its reliance on the chipmaker.

Amazon is advancing its generative AI capabilities with Olympus, a new large language model (LLM) designed to process multimedia content, including