Amazon is hedging its big bet on Anthropic with its own AI video model, report says
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Amazon is reportedly developing a new AI model named Olympus for video analysis, which could assist in searching specific scenes in video archives. This move comes as Amazon hedges its investment in Anthropic.
November 28, 2024 | 2:30 pm
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Amazon is developing Olympus, an AI model for video analysis, to improve video search capabilities. This development is part of Amazon's strategy to hedge its investment in Anthropic.
The development of Olympus indicates Amazon's commitment to advancing its AI capabilities, which could positively impact its stock by showcasing innovation and potential new revenue streams. This move also suggests a strategic diversification in AI investments, complementing its stake in Anthropic.
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