AWS isn’t broadly seen as credible in AI beyond commodity compute, but they are a shareholder here.

Jassy missed the boat on LLMs quite badly and the only real angle he had left was to use Amazon’s cashflow to buy stakes and buy business for Trainium.

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SilverElfin 2 hours ago | parent [-]

Did they miss it or are they careful to over invest, especially too early? Maybe their early bets in Anthropic were sized correctly since they’re making more money than all the other big tech investors in frontier labs.

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cmiles8 39 minutes ago | parent [-]

Well keep in mind that the “investments” were broadly buying business. We give you a bunch of money, you use that money to buy our stuff.

Yes the equity has book value on the way up, but keep in mind when the bubble pops (or even just cools) Amazon will have to book markdowns from the balance sheet that will tank earnings. Thats a story that’s flying below the radar at the moment.

	▲	SilverElfin 9 minutes ago \| parent [-]
		Doesn’t it still mean they have made better investment choices than the other big tech companies? I guess I don’t see why they missed a boat here. Also the models may be as much a commodity as compute.