[…] Amazon has reportedly hired an executive from Adept AI for its artificial general intelligence (AGI) project. Citing an internal memo, Bloomberg News reported on Friday (June 28) that Adept co-founder and CEO David Ruan will join Amazon’s AGI autonomy team. The report said the four other Adept co-founders and an unspecified number of other employees will also join the team. AGI is a type of artificial intelligence (AI) that can think like a human. According to the memo, Amazon will help develop products that automate software workflows using Adept’s technology development agents, AI tools that can perform tasks autonomously. Bloomberg reported that Adept raised $350 million in March 2023 at a valuation of at least $1 billion. The company announced the deal with Amazon in a blog post, saying that its vision of building both foundational AI models and enterprise tools “would have required significant attention to funding the foundational models, rather than realizing the vision of the agents.” According to a memo to Amazon staff, Adept, along with the remaining staff, will continue to operate separately with a more product-focused mission. “The expertise David and his team have in training cutting-edge multimodal foundational models and building real-world digital agents aligns with our vision to delight consumer and enterprise customers with practical AI solutions,” Rohit Prasad, head of Amazon’s AI autonomy team, wrote in the memo. As we covered here earlier this month, AI agents are starting to catch the attention of tech investors, sparking a wave of funding for startups building them. A CNBC report at the time noted that the surge in investments is a testament to the potential that AI agents have to disrupt industries and create new opportunities by automating complex tasks and allowing users to delegate responsibilities. The news that Amazon will adopt the technology comes days after the company’s market cap surpassed $2 trillion for the first time, a milestone driven in part by investor interest in AI. Amazon is now the fifth company to surpass $2 trillion in market cap, following Apple, Google, Nvidia and Microsoft. Amazon’s involvement in the AI ​​space includes Amazon Web Services (AWS), the world’s largest cloud computing services provider. The tech giant has also invested in AI startup Anthropic and robotics company Figure. For all of our PYMNTS AI coverage, subscribe to our daily AI newsletter. Read more: Adept AI, AGI, AI, AI agents, Amazon, Artificial General Intelligence, artificial intelligence, David Luan, news, pymnts new, Rohit Prasad, What’s Hot Source link […]