Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Amazon dedicates team to train ambitious AI model codenamed 'Olympus' -sources

Published 11/08/2023, 12:07 AM
Updated 11/08/2023, 03:11 AM
© Reuters. FILE PHOTO: The logo of Amazon is seen, November 15, 2022. REUTERS/Pascal Rossignol/File Photo

By Krystal Hu

(Reuters) - Amazon (NASDAQ:AMZN) is investing millions in training an ambitious large language model (LLMs), hoping it could rival top models from OpenAI and Alphabet (NASDAQ:GOOGL), two people familiar with the matter told Reuters.

The model, codenamed as “Olympus”, has 2 trillion parameters, the people said, which could make it one of the largest models being trained. OpenAI's GPT-4 model, one of the best models available, is reported to have one trillion parameters.

The people spoke on condition of anonymity because the details of the project were not yet public.

Amazon declined to comment. The Information reported on the project name on Tuesday.

The team is spearheaded by Rohit Prasad, former head of Alexa, who now reports directly to CEO Andy Jassy. As head scientist of artificial general intelligence (AGI) at Amazon, Prasad brought in researchers who had been working on Alexa AI and the Amazon science team to work on training models, uniting AI efforts across the company with dedicated resources.

Amazon has already trained smaller models such as Titan. It has also partnered with AI model startups such as Anthropic and AI21 Labs, offering them to Amazon Web Services (AWS) users.

Amazon believes having homegrown models could make its offerings more attractive on AWS, where enterprise clients want to access top-performing models, the people familiar with the matter said, adding there is no specific timeline for releasing the new model.

LLMs are the underlying technology for AI tools that learn from huge datasets to generate human-like responses.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Training bigger AI models is more expensive given the amount of computing power required. In an earnings call in April, Amazon executives said the company would increase investment in LLMs and generative AI while cutting back on fulfillment and transportation in its retail business.

(This story has been refiled to spell out AGI in paragraph 5)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.