Amazon’s Olympus To Challenge OpenAI & Microsoft’s AI Dominance

Coingapestaff
November 8, 2023
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Amazon Olympus

Amazon, the world’s largest online retailer and technology provider, through its web services branch, AWS (Amazon Web Services), recently revealed plans to launch Olympus, a Large Language Model (LLM).

According to a Reuters report, the upcoming launch of the LLM Olympus is said to have a massive impact on the tech giant’s online retail platform while also advancing features within the Alexa voice assistant on devices like the Amazon Echo, jacking up Amazon’s Web Services division.

The aforementioned project, when launched, is said to emerge as one of OpenAI’s and Microsoft’s biggest rivals, offering AI-based LLM services.

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Amazon Ventures Into The Realm Of AI

Last year, Amazon delayed the launch of Titan, a group of Greek-named large language models that the tech giant is currently using in offering services to cloud clients. The launch of Titan was said to be delayed due to its inferior performance when compared to that of OpenAI’s ChatGPT.

Thereafter, the tech giant cracked down on fostering the development of a new Artificial Intelligence (AI) model that is unrivaled by any other LLM. Following the venture into the realm of AI, Amazon reportedly invested millions in training an ambitious LLM that is on par with ChatGPT.

Also read: Microsoft Partners Oracle To Boost AI Offerings, Know More Here

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Amazon’s Olympus, Know All Here

According to reports, the model Olympus has almost 2 trillion parameters, making it one of the largest LLM developed. Even OpenAI’s most recent version of ChatGPT, GPT-4, is reported to have only 1 trillion parameters.

As of writing, the exact date for the completion and launch of Olympus has yet not been unveiled by the tech giant, although it is expected to be introduced sometime around December. Olympus is anticipated to outperform Amazon’s currently offered LLM, Titan.

The development of the LLM Olympus is spearheaded by Rohit Prasad, former head of Alexa, a virtual assistant technology backed by Amazon.

In other recent advancements revolving around online retail companies venturing into the realm of AI, Alibaba’s fintech affiliate, Ant Group unveiled its most recent AI model called Bailing. The Chinese tech giant has previously introduced Tongyi Qianwen 2.0, an LLM said to rival Open AI and other LLM developers.

Also read: Ripple Partners Onafriq For Cross-Border Payments In Africa, UK, Australia, & GCC

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.