Hey, Alexa, Do You Finally Have a Real Business Model?
Amazon’s foray into generative AI might be the key to unlocking a viable business model for its often-mocked smart voice assistant, Alexa.
Speaking to investors recently, Amazon.com Inc. CEO Andy Jassy revealed that the company anticipates a staggering $100 billion in capital expenditures this year, the largest investment in artificial intelligence among the tech giants. With such a significant outlay, it’s unsurprising that the company is keen to highlight how it will leverage AI.
At a recent event in New York, Amazon made a compelling case that Alexa has been revitalized, given a fresh purpose and a new business model, thanks to its advances in generative AI.
