Latest news with #RajeshSheth
Yahoo
17 hours ago
- Business
- Yahoo
Key VP Exits Amazon.com, Inc. (AMZN) As Tech Talent Competition Intensifies
Inc. (NASDAQ:AMZN) is among the 13 Best Big Name Stocks to Buy Now. According to reports, the company has lost a key AWS vice president, as competition for tech talent heats up. An executive in a suit walking across the lobby of a modern commercial bank. Vasi Philomin, who oversaw the development of generative AI and product strategy, told Reuters in an email he had left the job to join another company. An Inc. (NASDAQ:AMZN) spokesperson confirmed Philomin's exit, after eight years of service. Philomin had helped create and lead the company's Bedrock service, a vital product for AWS's battle for AI supremacy, that served as a hub for using multiple AI models. He was also a frequent speaker at AWS events. Companies across the tech industry are deploying unique and creative techniques to hire top AI talent, including sports industry data analysis, Reuters reported last month, which has resulted in compensation skyrocketing for these professionals. Inc. (NASDAQ:AMZN) says Rajesh Sheth, a vice president who previously oversaw Amazon Elastic Block Store, had assumed some of Philomin's responsibilities. The spokesperson added that the company also has other vice presidents who work on AWS' generative AI projects. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Time of India
4 days ago
- Business
- Time of India
Amazon's cloud unit loses key executive who led development of company's AI models
Amazon's cloud computing arm, Amazon Web Services (AWS), has lost a senior executive from its generative artificial intelligence division, a report has said. Vasi Philomin, a key vice president overseeing generative AI development and the company's Bedrock service, has left the company. Philomin, who had been with Amazon for eight years, confirmed his move to another company via email to news agency Reuters. Philomin played a crucial role in leading AWS's generative AI efforts, product strategy, and oversaw the development of Amazon's foundation models known as Amazon Titan. He played aninstrumental role in creating and leading Amazon Bedrock , a central hub for utilising various AI models and a flagship product in AWS's quest for AI dominance. Philomin was also a regular speaker at major AWS events, including the company's annual cloud computing conference in Las Vegas. Amazon's Rajesh Sheth to assume the vacant role An Amazon spokesperson confirmed his departure earlier in June and stated that Rajesh Sheth, a vice president formerly in charge of Amazon Elastic Block Store, has assumed some of Philomin's responsibilities. The spokesperson also noted that other vice presidents at AWS are actively working on generative AI projects. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thị trường có dấu hiệu suy thoái không? IC Markets Đăng ký Undo This high-profile exit comes as Amazon intensifies its efforts to bolster its standing in the rapidly evolving AI development landscape. Rivals like OpenAI and Google have gained an early lead, particularly with consumer-focused AI models. To compete, the Seattle-based tech giant has made huge investments, including an $8 billion investment in AI startup Anthropic. This partnership has led to the integration of Anthropic's Claude software into Amazon's own products, notably a revamped version of its voice assistant Alexa , which is being rolled out to customers this year. Amazon has also been expanding its own AI model portfolio, introducing Nova AI models for text, video, and image generation in December, and later adding Sonic for natural-sounding speech this year. How to detect hidden cameras in a hotel room, just with your smartphone AI Masterclass for Students. Upskill Young Ones Today!– Join Now
CTV News
5 days ago
- Business
- CTV News
Amazon loses an AWS generative AI boss as tech talent shuffle heats up
An Amazon company logo is seen on the facade of a company's building in Schoenefeld near Berlin, Germany, on March 18, 2022. (AP Photo/Michael Sohn, File) SAN FRANCISCO — Amazon's AWS recently lost a key vice president helping oversee generative artificial intelligence development as well as the company's Bedrock service, as the competition for talent heats up. Vasi Philomin told Reuters in an email that he left Amazon for another company, without providing specifics. A company spokesperson confirmed that Philomin had recently left after eight years with Amazon. Philomin helped lead generative AI efforts and product strategy, and oversaw foundation models known as Amazon Titan. The spokesperson said Rajesh Sheth, a vice president previously overseeing Amazon Elastic Block Store, had assumed some of Philomin's responsibilities. Philomin left Amazon earlier in June. In his biography, Philomin said he helped create and lead Amazon Bedrock, a hub for using multiple AI models and one of AWS's premier products in its battle for AI supremacy. He was a frequent speaker at AWS events, including Amazon's annual cloud computing conference in Las Vegas. An Amazon spokesman noted that there are other vice presidents at AWS who also work on generative AI projects. Amazon is working to bolster its reputation in AI development, after rivals like OpenAI, and Google have taken an early lead, particularly with consumer-focused models. The Seattle-based online retailer and technology powerhouse has invested US$8 billion in AI startup Anthropic and integrated its Claude software into its own products including a new revamped version of voice assistant Alexa that it's rolling out to customers this year. In December, Amazon introduced its Nova AI models which provide for text, video and image generation. Earlier this year, it added to the lineup with a version called Sonic that can more readily produce natural-sounding speech. Companies are employing creative techniques to hire top AI talent, including using sports industry data analysis to help identify undiscovered talent, Reuters reported last month. As a result, compensation has skyrocketed for some. However, as Amazon races to produce more advanced AI, it said it expects its own success will lead to fewer corporate jobs, according to a memo from CEO Andy Jassy last week. Job growth limits will be driven in particular by so-called agentic AI, which can perform tasks with minimal or even no additional input from people. 'As we roll out more Generative AI and agents, it should change the way our work is done. We will need fewer people doing some of the jobs that are being done today and more people doing other types of jobs,' Jassy wrote. --- Reporting by Greg Bensinger; Editing by David Gregorio
CNA
5 days ago
- Business
- CNA
Amazon loses an AWS generative AI boss as tech talent shuffle heats up
SAN FRANCISCO :Amazon's AWS recently lost a key vice president helping oversee generative artificial intelligence development as well as the company's Bedrock service, as the competition for talent heats up. Vasi Philomin told Reuters in an email that he left Amazon for another company, without providing specifics. A company spokesperson confirmed that Philomin had recently left after eight years with Amazon. Philomin helped lead generative AI efforts and product strategy, and oversaw foundation models known as Amazon Titan. The spokesperson said Rajesh Sheth, a vice president previously overseeing Amazon Elastic Block Store, had assumed some of Philomin's responsibilities. Philomin left Amazon earlier in June. In his biography, Philomin said he helped create and lead Amazon Bedrock, a hub for using multiple AI models and one of AWS's premier products in its battle for AI supremacy. He was a frequent speaker at AWS events, including Amazon's annual cloud computing conference in Las Vegas. An Amazon spokesman noted that there are other vice presidents at AWS who also work on generative AI projects. Amazon is working to bolster its reputation in AI development, after rivals like OpenAI, and Google have taken an early lead, particularly with consumer-focused models. The Seattle-based online retailer and technology powerhouse has invested $8 billion in AI startup Anthropic and integrated its Claude software into its own products including a new revamped version of voice assistant Alexa that it's rolling out to customers this year. In December, Amazon introduced its Nova AI models which provide for text, video and image generation. Earlier this year, it added to the lineup with a version called Sonic that can more readily produce natural-sounding speech. Companies are employing creative techniques to hire top AI talent, including using sports industry data analysis to help identify undiscovered talent, Reuters reported last month. As a result, compensation has skyrocketed for some. However, as Amazon races to produce more advanced AI, it said it expects its own success will lead to fewer corporate jobs, according to a memo from CEO Andy Jassy last week. Job growth limits will be driven in particular by so-called agentic AI, which can perform tasks with minimal or even no additional input from people. "As we roll out more Generative AI and agents, it should change the way our work is done. We will need fewer people doing some of the jobs that are being done today and more people doing other types of jobs," Jassy wrote.
CNA
5 days ago
- Business
- CNA
Exclusive-Amazon loses AWS generative AI boss as tech talent shuffle heats up
SAN FRANCISCO :Amazon's AWS recently lost its vice president overseeing generative artificial intelligence development, as the competition for talent heats up. Vasi Philomin told Reuters in an email that he left Amazon for another company, without providing specifics. A company spokesperson confirmed that Philomin had recently left after eight years with Amazon. Philomin helped lead generative AI efforts and product strategy, and oversaw foundation models known as Amazon Titan. The spokesperson said Rajesh Sheth, a vice president previously overseeing Amazon Elastic Block Store, had assumed some of Philomin's responsibilities. In his biography, Philomin said he also helped create and lead Amazon Bedrock, a hub for using multiple AI models and one of AWS's premier products in its battle for AI supremacy. He was a frequent speaker at AWS events, including Amazon's annual cloud computing conference in Las Vegas. Amazon is working to bolster its reputation in AI development, after rivals like OpenAI, and Google have taken an early lead, particularly with consumer-focused models. The Seattle-based online retailer and technology powerhouse has invested $8 billion in AI startup Anthropic and integrated its Claude software into its own products including a new revamped version of voice assistant Alexa that it's rolling out to customers this year. In December, Amazon introduced its Nova AI models which provide for text, video and image generation. Earlier this year, it added to the lineup with a version called Sonic that can more readily produce natural-sounding speech. Companies are employing creative techniques to hire top AI talent, including using sports industry data analysis to help identify undiscovered talent, Reuters reported last month. As a result, compensation has skyrocketed for some. However, as Amazon races to produce more advanced AI, it said it expects its own success will lead to fewer corporate jobs, according to a memo from CEO Andy Jassy last week. Job growth limits will be driven in particular by so-called agentic AI, which can perform tasks with minimal or even no additional input from people. "As we roll out more Generative AI and agents, it should change the way our work is done. We will need fewer people doing some of the jobs that are being done today and more people doing other types of jobs," Jassy wrote.
