Latest news with #Garman
Yahoo
15-07-2025
- Business
- Yahoo
Amazon Web Services CEO Matt Garman talks about why the company lagged rivals in AI—until now
In today's CEO Daily: Diane Brady talks to Amazon Web Services' CEO Matt Garman. The big story: Trump is not done with Putin. The markets: Up! Analyst notes from Deutsche Bank on Bitcoin, Pantheon Macroeconomics on the U.S. economy, Motley Fool Asset Management on copper tariffs. Plus: All the news and watercooler chat from Fortune. Good morning. Amazon Web Services will reportedly launch an AI agent marketplace tomorrow during its AWS Summit in New York City. It also just unveiled Kiro, a new agentic IDE ('integrated development environment' or software application for developers) and is expected to finally roll out a web-based AI-powered this summer. While Amazon already has plenty of AI offerings and an $8 billion investment in Anthropic, AWS CEO Matt Garman admits the company has lagged rivals when it comes to rolling out products. 'We didn't have some of the whiz-bangy things that you could get out there quickly,' he told me recently, arguing that strategy was by design. 'We took the approach of putting ourselves in our customers' shoes,' Garman explained, 'not necessarily of how do we get a product out to be first, but how do we think about helping customers build this baseline so that they don't risk security, they don't risk operational excellence, and they can build AI applications and agentic applications into the fabric of their enterprise that takes advantage of the data they have?' 'Our enterprise customers are now building real applications that are delivering real value to them,' he said, versus 'just a chat bot that's up on their website.' Garman argues 'the opportunity in front of us and the rate of change of technology is just massive.' The challenge for leaders, he says, is to stay focused on security and operational excellence. And for Amazon? 'Making sure that we are planning two, three, four, five years out for capacity.' And while boss Andy Jassy recently warned staffers of AI-induced job cuts, Garman, who started at AWS as an intern 20 years ago, says 'there's never been a more exciting time to be an intern.' In his view, 'these tools can instantly elevate them to doing some of the more interesting work that previously they may not have been capable of doing.' More news CEO Daily via Diane Brady at This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India.com
18-06-2025
- Entertainment
- India.com
Meet Nana Patekar's wife, who left IIT for films, won National award, later gave up acting for…, recently made a blockbuster comeback with…, her name is…
Meet Nana Patekar's wife, who left IIT for films, won National award, later gave up acting for..., recently made a blockbuster comeback with..., her name is... Nana Patekar has been an influential figure in the Indian entertainment industry. Following his debut in 1978 with film Garman , he built a name for himself as one of the most talented and versatile actors. But many aren't aware that his wife, Neelakanti Patekar, is just as talented as him. The National-award winning actress is known for her impressive contributions to Marathi cinema. Born in Pune, Maharashtra, Neelakanti's father was in the central excise department, due to which she had to spent most of her childhood relocating to different cities. After completing her school, she sat for IIT entrance and cleared the examination with an impressive rank. Her father wanted her to pursue a career in physics, but her inclination was always towards acting. As a child artist, Neelakanti actively worked in many plays, and thereafter made a significant mark in the Marathi theatre with her impactful performances. She secured numerous awards, including a gold medal for best actress in the Maharashtra State Drama Competition in 1973. She also won a Best actress award for her film Aatm Vishwas (1989) from the Maharashtra State Government. Neelakanti Patekar has been away from the industry for quite a some time. However, after a significant break, she made an impressive comeback with the Vicky Kaushal and Rashmika Mandanna starrer Chhaava . Her performance earned her widespread praise, marking an impactful return to silver-screen nearly a decade later. Neelakanti and Nana Patekar got married in 1978 when the actor was 27 years old. They first met during a Marathi play. Soon, their friendship blossomed into love, and they decided to get married. After a few years, the couple embraced parenthood with the birth of their son, who tragically passed away at the age of two and a half. Later, they were blessed with another baby boy, whom they lovingly named Malhar.
West Australian
15-06-2025
- Business
- West Australian
Prime Minister Anthony Albanese says Amazon's $20b AI spend in Australia will help seize tech future
Anthony Albanese has said a new $20 billion Amazon deal will help Australia embrace AI, enhance national resilience and drive job creation. The artificial intelligence and data centre agreement was announced by the US tech giant's chief Matt Garman alongside the Prime Minister during his visit to Seattle on Sunday. It will expand Australia's network of data centres to boost AI capabilities and cloud technology. As it stands Amazon Web Services operates three data centre zones across Melbourne and Sydney. Mr Albanese said it would help drive productivity by allowing existing businesses to adopt or accelerate new technology use and give startups confidence to commercialise their ideas. The $20 billion investment over five years by AWS, builds on the $9.1 billion they have injected into Australia since 2012 and is the largest by any tech firm down under. Mr Albanese said it was important to be on the frontfoot of emerging technologies so Australia shaped its own future rather than 'have the future shape us'. 'My government wants to make sure that Australia seizes the opportunities that are presented by AI,' he said. 'It will boost Australia's economic growth, our resilience and our productivity. 'We want to make sure as well that Australians are better prepared to capitalize on the opportunities of AI, while making sure that we secure ourselves against its risks.' Perth-founded graphic design platform Canva, financial institution CommBank, and software company Atlassian have also harnessed AI through AWS. Mr Garman said while AWS has supported Aussie businesses it also helped the Australian National Swimming Team finesse their performance ahead of the Paris Olympics. 'AI is changing everything that we see, from sports to industry to the economy,' he said. Industry and Innovation Minister Tim Ayres on Sunday labelled Amazon's investment as 'very significant' and a 'pointer to the future' for Australia. 'This is absolutely in our economic interest (and) absolutely in our security and broader geopolitical interest in a fast moving and less secure world,' he told Sky News. He said it presented 'an enormous opportunity' for Australia to boost productivity. The PM said the investment comes ahead of his recently announced productivity roundtable which Treasurer Jim Chalmbers will hold in August. Dr Chalmers is expected to reveal more about the summit when he speaks at the National Press Club on Wednesday. Mr Garman said boosting cloud computing technology would be a 'huge gateway' to new business and job creation. 'We estimate that technology over the next decade will drive over $600 billion increases in Australia's GDP out of the year 2030,' Mr Garman said. As part of the investment the tech giant is also expanding their renewables energy investment to help fuel their initiatives. 'We're announcing the creation of three new large solar farms, two in Victoria and one in Queensland. This will add to the eight renewable projects that we already have running in Australia,' Mr Garman said. Mr Garman noted that while the US backs nuclear energy to support AI's power needs, it would consider renewable investments depending on national preferences. While in Seattle, Mr Albanese also addressed key industry players from startups to larger more well-known companies at a technology and business reception. He pitched Australia as a safe and stable base to reach the Indo-Pacific's growing population to American investors. He also stressed the importance of Australia's free trade ties with the US, appearing to lay the groundwork for his upcoming meeting with President Donald Trump at the G7. 'We bring a lot to the table. We will continue to advocate for free and fair trade, for the jobs it creates and the investment it drives,' he said.
Perth Now
15-06-2025
- Business
- Perth Now
Amazon to inject $20b into Australian 'AI revolution'
An "artificial intelligence revolution" could hit Australia after a $20 billion investment from technology giant Amazon to build powerful data centres onshore. In a joint announcement with the firm from Seattle, where the Jeff Bezos-founded company is based, Prime Minister Anthony Albanese said the significant commitment over the next five years was a "huge vote of confidence in the Australian economy". "We're taking advantage of the AI revolution - the Australian way," he posted on X on Sunday before heading to the G7 meeting in Canada. "We want to make sure as well that Australians are better prepared to capitalise on the opportunities of AI, while making sure that we secure ourselves against its risks," the prime minister told reporters. The economic benefits and potential problems caused by AI will be key topics of discussion at an upcoming productivity summit, which Mr Albanese announced before leaving for the G7 summit. Amazon Web Services chief executive Matt Garman spruiked the spend as a historic first by a tech giant. "This is the largest investment ever announced by a global technology provider in Australia and it's going to support many of the country's AI ambitions over the next decade," he said. He listed some of its most prominent domestic customers that are drawing on AI technology, including the Commonwealth Bank and Atlassian. "AI is changing everything that we see, from sports to industry to the economy," Mr Garman said. "We estimate that technology over the next decade will drive over $600 billion increases in Australia's GDP out by the year 2030," he said. Data centres are massive, power-hungry facilities that store servers, cables and hardware to process the data emanating from cloud computing and complex AI operations needed by millions of customers. Mr Garman said the corporate giant was also pouring money in three new solar farms in Victoria and Queensland with a combined capacity of more than 170 megawatts. With eight other projects in both states and in NSW, the firm is predicted to deliver enough energy to power the equivalent of 290,000 homes each year once the developments are completed. The company, which has had an Australian presence since 2012, says it has invested more than $9 billion in the nation so far.
Sydney Morning Herald
14-06-2025
- Business
- Sydney Morning Herald
Amazon boosts Australian investment to $20 billion to meet AI, data demands
Seattle: Global tech giant Amazon Web Services will increase its spending on data centres in Australia to $20 billion over the next five years, company chief executive Matt Garman says. In a joint announcement alongside Prime Minister Anthony Albanese at the company's 'Amazon Spheres' building in Seattle, Garman said additional spending was needed so the company could meet increasing demand for access to artificial intelligence, cloud-based storage and more for some of Australia's biggest companies. Those companies include the big four banks, Telstra and Optus and a range of other IT and services companies, including Atlassian and Canva. The company, which is investing heavily in a range of power technologies including nuclear and renewables across the world to meet the huge electricity demands of artificial intelligence, will also invest in two new solar farms in Victoria and one in Queensland, an increase from the eight it currently invests in and uses. Amazon already has 37 major data centre 'regions' across the world, including one in each of Melbourne and Sydney, and the expanded investment will see these centres significantly expanded. The US-based company, best known for its ubiquitous online shopping services, has already spent about $9 billion in Australia and had planned to increase its spend to $13 billion, but surging demand for its web services meant the company's investment would rise to $20 billion by 2029. 'We think that AI has really the ability to change every industry, and we look at a couple of our customers. First, we look at a customer like CommBank. CommBank is launching an AI factory powered by AWS to completely change how they do innovation,' Garman said. 'They expect that AI will allow them to drive innovation up to four times faster than they do today ... We can look at the Australian national swimming team, we used AI to help their swimmers improve, and actually led to improvements in their performance in the pool, helping them win seven gold medals in the Paris Olympics.'
