The company announced its new fully-managed Textract service, which removes the need to manually review or custom code text and data extractions with machine learning. According to the company ...

"Necessity is the mother of invention," AWS CEO Andy Jassy told a packed audience during his keynote. "There is a lot of machine learning being done on the cloud, and most of it is happening on AWS.

One way AWS is doing that is through AWS Inferentia. a machine learning inference chip, custom designed by AWS to deliver high throughput, low latency inference performance at an extremely low cost.

Lakhani, Karim R., Shane Greenstein, and Kerry Herman. "AWS and Amazon SageMaker (A): The Commercialization of Machine Learning Services." Harvard Business School Case 622-060, May 2022.