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Fortune
Fortune
Jason Del Rey

Amazon execs are boasting about their AI strategy amid the DeepSeek R1 frenzy

AWS CEO Matt Garman smiling onstage while gesticulating with arms spread wide (Credit: Courtesy of Amazon Web Services/Noah Berge)

DeepSeek’s recent release of its powerful R1 AI model, and its claims of the comparably low costs it says it spent to create it, erased hundreds of billions of market value this week and incited panicked soul searching inside some of the Magnificent 7. 

But for Amazon, at least publicly, company executives are using the explosion of interest as a sales pitch for Amazon’s cloud AI strategy which, much like its online shopping playbook, rests in large part on a wide selection of products or services for customers to choose from. In AWS’s case, that means giving its business customers access to a wide range of AI models to utilize, now including DeepSeek’s R1, which is an open-source model.

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