Advertisement
UK markets closed

  • FTSE 100

    8,164.12
    -15.56 (-0.19%)
     

  • FTSE 250

    20,286.03
    -45.77 (-0.23%)
     

  • AIM

    764.38
    -0.09 (-0.01%)
     

  • GBP/EUR

    1.1796
    -0.0009 (-0.07%)
     

  • GBP/USD

    1.2646
    +0.0005 (+0.04%)
     

  • Bitcoin GBP

    48,762.00
    +623.98 (+1.30%)
     

  • CMC Crypto 200

    1,280.02
    -3.81 (-0.30%)
     

  • S&P 500

    5,460.48
    -22.39 (-0.41%)
     

  • DOW

    39,118.86
    -45.24 (-0.12%)
     

  • CRUDE OIL

    81.46
    -0.28 (-0.34%)
     

  • GOLD FUTURES

    2,336.90
    +0.30 (+0.01%)
     

  • NIKKEI 225

    39,583.08
    +241.58 (+0.61%)
     

  • HANG SENG

    17,718.61
    +2.11 (+0.01%)
     

  • DAX

    18,235.45
    +24.85 (+0.14%)
     

  • CAC 40

    7,479.40
    -51.32 (-0.68%)
     
Property :

8 UK holiday home businesses you could buy now

A holiday let could be a very sound investment, providing a decent income, capital growth and — somewhere to escape

Amazon Leverages AI To Aid In Finance Operations And Improve Analyses

Anusuya Lahiri
·1-min read
Amazon Leverages AI To Aid In Finance Operations And Improve Analyses
Amazon Leverages AI To Aid In Finance Operations And Improve Analyses

Amazon.com Inc (NASDAQ:AMZN) is advancing its use of generative artificial intelligence across its finance teams.

The e-commerce giant initially adopted rules-based systems, one of the earliest forms of AI, in its finance organization, which it then augmented with machine learning.

Now, generative AI aids finance employees with more complex analyses, the Wall Street Journal reports.

Also Read: Amazon Plans Major Alexa Overhaul With AI-Powered Features: Report

Amazon’s finance teams are using generative AI for tasks such as fraud detection, contract review, financial forecasting, personal productivity, rule and regulation interpretation, and tax-related work.

ADVERTISEMENT

Amazon is shifting its focus to AI innovations, driven by its cloud-computing unit Amazon Web Services (AWS) capabilities.

The shift has contributed to a surge in companywide sales for the most recent quarter.

Amazon expects cash capital expenditures to increase significantly this year due to investments in technology infrastructure, specifically generative AI efforts.

Recent reports indicated Amazon is working on a new AI chatbot, codenamed “Metis,” to compete with OpenAI’s ChatGPT. It can provide real-time information and automate tasks via the retrieval-augmented generation technique.

Price Action: AMZN shares are trading higher by 1.13% at $195.76 at last check Thursday.

Also Read: Amazon’s AI Goals Could Hit Workforce As Broader Tech Sector Layoffs Recede

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Company

"ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!

Get the latest stock analysis from Benzinga?

This article Amazon Leverages AI To Aid In Finance Operations And Improve Analyses originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.