Globally, AI investments are projected to hit $200 billion by 2025. Reuters
Globally, AI investments are projected to hit $200 billion by 2025. Reuters
Globally, AI investments are projected to hit $200 billion by 2025. Reuters
Globally, AI investments are projected to hit $200 billion by 2025. Reuters

Amazon Q: AWS launches AI tool to rival ChatGPT and Bard


Alkesh Sharma
  • English
  • Arabic

Amazon Web Services has launched a generative artificial intelligence tool as it rivals Google-owned Bard and Microsoft-backed OpenAI in the fast-growing industry.

Amazon Q was announced at AWS’s re:Invent conference in Las Vegas.

It came almost one year after the start-up OpenAI launched its ChatGPT, which gained instant popularity for its use of generative AI, allowing it to produce human-like text in response to minimal input.

Amazon Q is focused on businesses and customers can get “fast, relevant answers to pressing questions, generate content and take actions” based on their information repositories.

It aims to enable employees to streamline tasks, and accelerate decision making and problem solving.

The tool can also customise its interactions with different users based on an “organisation’s existing identities, roles and permissions”, AWS said.

“Amazon Q builds on AWS’s history of taking complex, expensive technologies and making them accessible to customers of all sizes and technical abilities,” said Swami Sivasubramanian, vice president of data and AI at AWS.

“By bringing generative AI to where our customers work … whether they are building on AWS, working with internal data and systems, or using a range of data and business applications … Amazon Q is a powerful addition.”

ChatGPT and Bard are two front-runners in the burgeoning field of generative AI.

In September, the Abu Dhabi government-supported research centre the Technology Innovation Institute launched Falcon 180B – an advanced version of its flagship language model – to boost generative AI in the region.

Investors have put more than $4.2 billion into generative AI start-ups in 2021 and 2022 through 215 deals after interest surged in 2019, recent data from CB Insights showed.

Globally, AI investments are projected to hit $200 billion by 2025 and could possibly have a bigger impact on gross domestic product, Goldman Sachs Economic Research said in a report in August.

Amazon Q’s preview version is available and many of its features are free.

But after the preview period, it will cost $20 a person each month for business users.

AWS chief executive Adam Selipsky said that prompts asked on Amazon Q and business customers’ content will not be used to train any foundation models.

According to the query, Amazon Q will provide concise responses that include citations and source links.

Amazon Q is currently available only for users of Amazon Connect – the company’s cloud contact centre that enables organisations to deliver better customer experiences at lower costs.

It will be soon available on other platforms including Amazon Supply Chain, which allows customers to monitor their supply chains.

“New Amazon Q capabilities help our analysts build dashboards in hours when it used to take days,” said Christoph Albrecht, data engineering and analytics consultant at car maker BMW, one of the early users of Amazon Q.

“We are seeing an even greater impact with our business users, where Amazon Q is accelerating critical business decisions at the highest levels.”

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%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Wes%20Ball%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Owen%20Teague%2C%20Freya%20Allen%2C%20Kevin%20Durand%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A
Profile of Tamatem

Date started: March 2013

Founder: Hussam Hammo

Based: Amman, Jordan

Employees: 55

Funding: $6m

Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media

The Florida Project

Director: Sean Baker

Starring: Bria Vinaite, Brooklynn Prince, Willem Dafoe

Four stars

The biog

Favourite food: Tabbouleh, greek salad and sushi

Favourite TV show: That 70s Show

Favourite animal: Ferrets, they are smart, sensitive, playful and loving

Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can

Name of first pet: Eddy, a Persian cat that showed up at our home

Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Ultra processed foods

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

The biog

Age: 19 

Profession: medical student at UAE university 

Favourite book: The Ocean at The End of The Lane by Neil Gaiman

Role model: Parents, followed by Fazza (Shiekh Hamdan bin Mohammed)

Favourite poet: Edger Allen Poe 

The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

Updated: November 30, 2023, 7:02 AM