Artificial Intelligence has become a significant investment for tech companies, but producing a return on investment (ROI) can be challenging. At the 2024 Goldman Sachs (GS) Communacopia and Technology Conference, Yahoo Finance reporter Madison Mills sits down with Amazon (AMZN) Web Services CEO Matt Garman to discuss the company's AI strategy.

Garman emphasizes that AI is "growing very rapidly" at AWS, already generating multibillion-dollar revenues. He highlights AWS's diverse monetization streams, including selling AI models, providing infrastructure, and offering services for training large language models.

"This is a technology that has such huge potential to deliver massive gains for enterprises, for start-ups, and for customers of all sizes," Garman told Yahoo Finance, stressing that their current business model allows them to thrive financially off AI.

Catch Yahoo Finance's full interview with Matt Garman here.

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This post was written by Angel Smith