Amazon plans to unveil its AI model Olympus next week

Amazon plans to unveil its new AI model, Olympus, at the AWS re:Invent conference next week.

Olympus is a large language model (LLM) with capabilities for analyzing images and videos.

Users can locate specific scenes using text prompts.

This development might reduce Amazon’s reliance on Anthropic’s AI model, Claude.

Recent Amazon developments

Timeline
28-Nov-2024 🏢 Amazon invests $1.5b in Singapore businesses in 2023 Amazon invests S$2B in Singapore’s retail, cloud Investment supports over 10,000 jobs in the city-state
26-Nov-2024 📉 Amazon cuts 50 jobs in Israel, ends part of ad unit Amazon to cut 50 ad division jobs in Israel Part of global phase-out of Amazon Ad Server
23-Nov-2024 💰 Amazon to invest additional $4b in Anthropic Amazon invests an additional $4B in Anthropic Total investment rises to $8B, remains minority stake
22-Nov-2024 ⚖️ Amazon faces EU probe for alleged Digital Markets Act breach EU to investigate Amazon’s marketplace practices. Potential fines could reach 10% of Amazon’s revenue.
16-Nov-2024 🛒 Amazon unveils shopping service for items under $20 Amazon launches Haul for $20 or less items Mobile-only service promises delivery in up to 2 weeks

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