Amazon Stock Slides as It Inform Users of the Restrictions of the AI Software Sold by AWS, Report

    Author Jowi KwasuPosted on Categories Investing NewsTags , , , , , , , , , , , , , , , , , , , , , , , , ,
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    Reuters stated that due to worries that AI systems might be biased against particular groups, Amazon (NASDAQ:AMZN) announced it would issue warning cards to consumers informing them of the restrictions of software sold by Amazon Web Services.

    The news source used a conversation with Amazon (NASDAQ:AMZN) to compare the warning cards on its Rekognition software to the nutrition labels found on food packages.

    The cautionary notes will be made available to the general public so that prospective clients may see the software’s limitations and potential consequences when using it for tasks like facial recognition or transcription.

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    According to Reuters, Rekognition cannot match “pictures that are too unclear and grainy” or “large areas of a person’s face that are hidden by hair, hands, or other items.”

    Competitors IBM Cloud Platform and Google Cloud Platform have also said that their cloud software has some limits.

    Many years ago, Amazon (NASDAQ:AMZN) came under fire for allegations that its Rekognition software was biased against people with darker skin tones. The Rekognition program was put on hold for police use in 2021 by Amazon, following the death of George Floyd in 2020.

    An Amazon Web Services executive said late on Tuesday that the company’s cloud computing division will likely keep hiring people and building new data centers in 2023, even though the rest of the company has put a freeze on hiring.

    Despite a hiring freeze at the company, the cloud computing division of Amazon (NASDAQ:AMZN) said that the company will continue hiring in 2023 and construct new data centers. 

    According to Bloomberg, Matt Garman, a senior vice president in charge of sales and marketing at AWS, predicted that both his division’s workforce and the company as a whole would grow in 2019. Garman made the remarks at the AWS re:Invent conference, where Amazon has made a number of announcements, including new data and security services as well as new chips built by the business.

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    Author Jowi Kwasu
    About the author: I'm a financial freelance writer keen on the latest market developments which i articulate with writing stock updates, press releases and investor news. As a person i live by the code of a sustainable human existence and a carbon neutral universe. When off work, i spend time reading non-fiction books, flying drones, and outdoor cycling.