10 AI News You Shouldn’t Miss

Page 9 of 9

1. Amazon.com Inc (NASDAQ:AMZN)

Number of Hedge Fund Holders: 308

Amazon.com Inc (NASDAQ:AMZN) is an American multinational company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.

On November 4th, Amazon.com Inc (NASDAQ:AMZN) announced that it has launched a new generative AI-powered feature on Amazon Prime Video, a streaming video service by Amazon. Known as “X-Ray Recaps”, this AI feature allows users to view “brief” and “easy to digest” summaries of entire TV show seasons, single episodes, or even pieces in the episode down to the exact minute the user has watched it. By providing users with brief text summaries of important moments, cliffhangers, and character-driven plot points, users will be able to conveniently catch up on what they’ve missed. X-Ray Recaps is powered by Amazon Bedrock, a service from Amazon Web Services that helps businesses create and grow generative AI applications with foundational models.

“Prime Video product and technology teams work relentlessly behind the scenes to enhance customers’ viewing experience, and with the creation of X-Ray Recaps, we’re directly addressing a common problem customers face when streaming content: forgetting where they left off. With this context-aware functionality, Prime Video will deliver summaries of memorable moments and important plot points so our customers can quickly jump back into what they were watching or rediscover why they fell in love with a series in the first place.”

– Adam Gray, vice president of product at Prime Video.

While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9