Amazon on Tuesday announced a new generation of foundation models at AWS' annual showcase re:Invent, as Amazon CEO Andy Jassy took to the stage to spotlight the "explosion" of generative AI and the tech giant's bold bets.Amazon Web Services (AWS) is the cloud computing arm of Amazon. The new set of AI foundation models are called 'Nova'. Amazon Nova Micro, Amazon Nova Lite, and Amazon Nova Pro are generally available today, while Amazon Nova Premier will be available in the Q1 2025 timeframe."...We have continued to work on our own frontier models and those frontier models made a tremendous amount of progress over the last 4-5 months. And we figured if we were finding value out of them, you would probably find value out of them...so I am excited to share and announce the launch of Amazon Nova which are new state-of-the-art foundation models...," Jassy said at AWS' annual flagship event re:Invent.Amazon Nova Micro is a "laser-fast" and cost-effective text-to-text model, while multimodal models - Amazon Nova Lite, Amazon Nova Pro, and Amazon Nova Premier can process text, images, and videos to generate text.

Amazon launches new AI models

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