financetom
Business
financetom
/
Business
/
Amazon's AWS forms new group focused on agentic AI
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon's AWS forms new group focused on agentic AI
Mar 4, 2025 1:00 PM

(Reuters) -Amazon.com has formed a new group focused on agentic artificial intelligence to help users and customers automate more of their lives, according to an internal email viewed by Reuters on Tuesday.

The new group will be led by AWS executive Swami Sivasubramanian, the email, from AWS CEO Matt Garman, said. "Agentic AI has the potential to be the next multi-billion business for AWS," Garman wrote. Sivasubramanian, previously vice president of AI and data, will report directly to Garman, according to the email.

Agentic AI is meant to automate tasks for users so that they do not have to prompt the systems to take actions for them. Amazon ( AMZN ) touted some of those capabilities last week in announcing an updated version of voice service Alexa set to be released later this month to some customers.

"We have the opportunity to help our customers innovate even faster and unlock more possibilities, and I firmly believe that AI agents are core to this next wave of innovation," Garman wrote.

A spokesperson for Amazon ( AMZN ) didn't immediately respond to a request for comment.

Also on Tuesday, AWS senior vice president Peter DeSantis announced in an internal email a series of additional reorganizations within AWS, which has for years been Amazon's ( AMZN ) profit center. Those include moving AI groups Bedrock and SageMaker as well as hardware engineering under the compute organization and a new group combining customer experience and commerce.

DeSantis said the changes will help "accelerate innovation."

Shares of Seattle-based Amazon ( AMZN ) were down less than 1% to $204.81.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Maple Leaf Foods Q4 Adjusted Earnings Beat Analyst Estimates
Maple Leaf Foods Q4 Adjusted Earnings Beat Analyst Estimates
Feb 25, 2025
06:25 AM EST, 02/25/2025 (MT Newswires) -- Maple Leaf Foods ( MLFNF ) on Tuesday reported fourth-quarter adjusted earnings that beat analyst estimates. Adjusted earnings rose to $88.7 million, or $0.38 per share, from $57.5 million, or $0.08 per share. The FactSet consensus normalized EPS estimate for the quarter was $0.24. The company had sales of $1.24 million, up from...
UniCredit's Russia unit sued German arm in RusChem court case
UniCredit's Russia unit sued German arm in RusChem court case
Feb 25, 2025
MILAN (Reuters) - UniCredit's Russian subsidiary last year sued the Italian bank's own German arm as part of a court case relating to guarantee payments in Russia which UniCredit could not honour because of sanctions, the lender's annual report showed. The case, which dates back to 2023, highlights the risks linked to its ongoing presence in Russia, which UniCredit failed...
Market Chatter: Apple Settles iPhone 16 Ban in Indonesia
Market Chatter: Apple Settles iPhone 16 Ban in Indonesia
Feb 25, 2025
06:27 AM EST, 02/25/2025 (MT Newswires) -- Apple ( AAPL ) and the Indonesian government have reached an agreement to lift the ban on iPhone 16 models, after the company committed to a $1 billion investment in the country and participation in local research and development activities, Bloomberg News reported Tuesday, citing sources. The Ministry of Industry is expected to...
Henry Schein's Q4 Non-GAAP Earnings, Net Sales Increase
Henry Schein's Q4 Non-GAAP Earnings, Net Sales Increase
Feb 25, 2025
06:25 AM EST, 02/25/2025 (MT Newswires) -- Henry Schein (HSIC) reported Q4 non-GAAP earnings Tuesday of $1.19 per diluted share, up from $0.66 a year earlier. Analysts polled by FactSet expected $1.20. Net sales for the quarter ended Dec. 31 was $3.19 billion, up from $3.02 billion a year earlier. Analysts surveyed by FactSet expected $3.28 billion. For the full-year...
Copyright 2023-2026 - www.financetom.com All Rights Reserved