Tech and e-commerce giant Amazon (AMZN) has introduced a new artificial intelligence model called Nova Sonic, which it says can understand the deeper layers of human speech, such as tone, inflection, and pacing. This next-generation model combines both speech recognition and speech generation into one, thus making it easier to build voice-enabled applications like customer service bots and conversational AI agents.
Interestingly, the traditional method of creating these apps required juggling separate systems: one for turning speech into text, another for understanding and responding, and a third for converting responses back into speech. According to Amazon, this process often lost important context like tone. However, Nova Sonic solves this problem by combining everything into a single model that keeps the flow and feeling of natural conversation intact.
In addition, the company highlighted that Nova Sonic can recognize things like pauses, hesitations, and interruptions during a conversation, which allows it to respond at just the right moment with a more natural voice. It is worth noting that Nova Sonic is already available through an API in Amazon Bedrock. Furthermore, Amazon shares rose in today’s trading following the announcement.
Is Amazon Stock Expected to Rise?
Turning to Wall Street, analysts have a Strong Buy consensus rating on AMZN stock based on 45 Buys and one Hold assigned in the past three months, as indicated by the graphic below. Furthermore, the average AMZN price target of $268.05 per share implies 49.9% upside potential.
