Amazon rises after Jassy letter, new AWS tools aimed at AI
Noah Berger

Amazon (NASDAQ:AMZN) shares rose more than 3% on Thursday after CEO Andy Jassy wrote his annual letter to shareholders and the company's cloud computing unit unveiled new tools to be used for artificial intelligence.
The suite of tools, known as Bedrock, will give customers the ability to use foundation models - AI-based technologies built by "leading AI startups" - with their own data to create the model they need at that particular time, without having to invest in servers.
"With Bedrockâs serverless experience, you can get started quickly, privately customize [foundation models] with your own data, and easily integrate and deploy them into your applications using the AWS tools and capabilities you are familiar with (including integrations with Amazon SageMaker ML features like Experiments to test different models and Pipelines to manage your FMs at scale) without having to manage any infrastructure," Amazon Web Services wrote in a statement.
Bedrock will work with Amazon Titan, the company's own foundation model, as well as those created by stability.ai, AI21Labs and Anthropic.
In his annual letter, Amazon's (AMZN) Jassy also hyped up the company's new Inferentia2 chip, touting its prowess over the company's first Inferentia chip.