Amazon.com Inc AMZN CEO Andy Jassy highlighted the potential of the company’s AI chatbot, “Q,” to revolutionize software development during the first-quarter 2024 earnings call.
What Happened: On Tuesday, during the call, Jassy spoke about the pivotal role of “Q” in the future of software development. He stated that the AI chatbot will facilitate the transition of developers from Microsoft Windows to Linux.
“Today, developers can save months using Q to move from older versions of Java to newer, more secure and capable ones,” he said, adding, “In the near future, Q will help developers transform their dotNET code as well, helping them move from Windows to Linux.”
Jassy also said that “Q” is not just a code generator but also a code tester, debugger, and transformer. The Amazon CEO highlighted its unique feature, “Agents,” which can autonomously perform various tasks, from implementing features to performing software upgrades.
“Developers can collaborate with the agent to review and iterate on the plan, and then the agent implements it, connecting multiple steps together and applying updates across multiple files, code blocks and test suites.” “It’s quite handy,” Jassy concluded.
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Why It Matters: The potential of ‘Q’ to transform the software development landscape is significant, especially considering Amazon’s recent financial performance.
The company reported first-quarter net sales of $143.3 billion, a 13% year-over-year increase, beating the Street consensus estimate of $142.5 billion, according to data from Benzinga Pro.
However, “Q” has had its share of challenges. In January earlier this year, the AI chatbot faced criticism for producing incorrect outputs, or ‘hallucinations’, due to a rushed launch and the deployment of a less proficient version of Anthropic's Claude AI model.
AMZN Price Action: At the time of writing, Amazon shares were up 1.23% in the after-hours session at $177.16, according to Benzinga Pro data.
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
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