AI model Olympus could be Amazon’s powerful video tool in 2024
Author: Content Editor
Amazon is reportedly developing a new AI tool called Olympus that can analyze videos, images, and text. This multimodal AI model is expected to enhance Amazon's AWS offering and reduce its reliance on external AI providers. The tool could be used by businesses in industries such as oil and gas for drone footage analysis and identifying problems with underwater equipment. It may also have applications in creating sports highlights and analyzing archives. The official announcement of Olympus is anticipated at Amazon's AWS re:Invent conference. By integrating Olympus with products like Amazon SageMaker, developers could access pre-trained models for multimodal tasks. Amazon's entry into the generative AI space is seen as a move to keep up with advancements made by competitors like NVIDIA.