According to the news from the Cnstock APP, Amazon (AMZN.US) is actively expanding its AI field and developing a chatbot named "Metis" to compete with OpenAI's ChatGPT. It is reported that Andy Jassy, the CEO of Amazon, has attached great importance to this project and personally participated in the development process.

Although Amazon's stock price fell slightly by 1% in late trading on Monday, it did not affect the company's ambition in the field of artificial intelligence. The Metis project is expected to use Amazon's own AI model "Olympus" as its technical support. This model is said to be an enhanced version of the Titan basic model, which can provide more powerful functions, including testing and image answers, sharing source links, suggesting follow-up actions, and providing the latest information through retrieval-enhanced generation technology.

Metis not only provides information, it can also act as an AI agent to help users create travel itineraries and other comprehensive plans, showing Amazon's continued efforts to improve the user experience.

According to informed sources, Jassy recently reviewed the latest progress of the Metis project and the product is expected to be launched in September. Although Amazon has not commented on Seeking Alpha's inquiries, the company's actions in the field of artificial intelligence have always been of great concern to the market.

In April of this year, Amazon has launched its generative AI chat robot Q to customers. Since its first appearance in November last year, the robot has demonstrated the ability to write or fix code and provide multiple lines of code suggestions. However, the robot has been criticized for generating inaccurate outputs, or "hallucinations", which is attributed to the rapid launch and the use of inexperienced AI models. Amazon has been striving to improve its AI capabilities since then.

In a public speech in April, Andy Jassy clearly stated that generative AI is seen as a key driver of Amazon's future growth. He revealed that the company's business in this area has achieved billions of dollars in revenue, highlighting the importance of AI to Amazon's financial contribution. At the Q1 2024 earnings conference, Jassy further emphasized the strong market demand for AI technology, indicating customers' eagerness to innovate business processes and improve customer experiences using AI technology.

In addition, in May, Amazon introduced an innovative AI-based search feature for its Fire TV device, which not only demonstrates the company's determination to integrate AI technology into its product ecosystem, but also marks its further expansion in the field of smart homes. By integrating Alexa-powered AI functions into the search experience of Fire TV, Amazon is competing with other mainstream streaming devices such as Roku Inc. (ROKU.US) and Apple's (AAPL.US) Apple TV, striving to provide more intelligent and personalized services in terms of user experience.

Through these measures, Amazon has not only demonstrated foresight in the research and development of AI technology, but also actively built its competitive advantages in this field, indicating that it may achieve more breakthroughs in intelligent assistants and enterprise automation services in the future.