You might think Amazon’s biggest swing in the AI race was its $8 billion investment in Anthropic. Garman is betting that AI is a service that AWS can deliver more cheaply and reliably than its rivals. “Two years ago, people were building AI applications. Amazon unveiled new, cost-efficient AI models in its Nova series; agents that can work autonomously on software development and cybersecurity tasks; as well as a fresh offering, Forge, that lets enterprises cheaply train AI models on their own data. While Amazon’s cloud unit dominated the smartphone era, smaller rivals like Google Cloud and Microsoft Azure have grown at higher rates since the arrival of ChatGPT.