Adam Selipsky, CEO of Amazon’s dominant cloud platform AWS, says generative AI is valuable but that the excitement around some AI companies is similar to when dotcom darlings were 'dramatically overhyped.'
As CEO of Amazon's dominant cloud computing platform AWS, Adam Selipsky is one of the most powerful people in computing at a time when the industry is racing to adopt generative artificial intelligence. Although a fan of the technology, he also has a warning for anyone trying to make sense of the moment: Some AI companies at the center of the storm are massively overhyped.
Amazon’s other main cloud rival, Google, long seen as a leader in AI development, has gone all-in on generative AI, aggressively developing a rival to ChatGPT and plugging the technology into many of its services. Although Amazon still dominates, Microsoft and Google saw their cloud businesses grow at a faster clip in the final quarter of 2024, and both credited AI for providing a boost.