The BrandZ Top 100 Global Brands 2020 has been released, combining data from more than 3.8 million consumers around the world and ranking companies by market capitalisation. Internet tech companies continue to dominate the top eight, with Amazon unsurprisingly topping the list again with $415.9 billion, up almost a third from last year and smashing its own record.
More direct value is reflected in capital markets. At one point in the past week, Amazon’s stock topped $3,000 from its March low, nearly doubling to a market value of more than $1.5 trillion even as the global pandemic continued. Amazon’s p/E ratio is 143 times, which is 3-4 times that of Microsoft and Apple. Amazon was also backed by a broad spectrum of firms, with 52 rating it a buy and four a hold. The bulls point out that Amazon’s stock is still inexpensive and could go up to at least $3,500.
In the face of the global economic downturn and the epidemic, Amazon can buck the trend and stand out among major technology giants. What is the “magic” of Amazon? “Technological innovation is in Amazon’s DNA,” a belief repeated by amazon executives on several occasions, may be the most straightforward and simple answer to that question.
“We are embarking on a golden age of ARTIFICIAL intelligence and machine learning technology.” “Ai innovations can help accelerate society into the smart future,” said Swami Sivasubramanian, VICE President of ARTIFICIAL Intelligence at AWS, at the just-held World Artificial Intelligence Conference 2020 Cloud Summit. Machine learning has already played an important role in autonomous driving, fraud detection, call centers, manufacturing, voice transcription, robotics, finance, retail, medical and other fields, and will inject strong momentum into the development of all kinds of enterprises and institutions.”
Science and technology helped mankind finally win the battle against SARS 17 years ago. At present, technology is still the biggest reliance of mankind. With that in mind, in this year’s new battle against the pandemic, the world’s tech giants are going all out. In the early days of the epidemic, Amazon launched the AWS Diagnostic Development Program and pledged an initial investment of $20 million to accelerate the research, innovation and development of diagnostic technologies in response to the pandemic spreading around the world.
The program is also being implemented in China to support local medical research institutions. In addition, the “Deep Map Learning for Drug Discovery” project was carried out by AWS Shanghai Institute of Artificial Intelligence, together with researchers from AWS Global AI Research team, university of Minnesota, Ohio State University, Hunan University and other institutions and universities, to build a large-scale drug relocation knowledge map DRKG and a complete set of machine learning tools for drug relocation studies. “This will effectively shorten the drug development cycle, reduce costs and avoid risks.” “Said a director of the project. Amazon has now made it available to research institutions around the world on Github.
In addition, Amazon’s innovative technologies are helping Chinese companies in related sectors to give greater play to their strengths during the pandemic. According to the instance of the machine learning framework based on AWS GPU computing, jing tai drug research and development of science and technology companies in China through independent research and development of science and technology of intelligent drug development platform, the clouds finished in a short time a large number of drug screening, managed to find 38 May will be coronavirus potential therapeutic effect of drugs, to conquer new crown to speed up the process.
Not only the research and development of vaccines and drugs, but also the role of technological innovation is emerging in the whole social field. At present, shopping, education, transportation, medical care, manufacturing, office and other production and life scenes are being digitized, and social operation is relying more on intelligent innovation technology to achieve industrial optimization and upgrading and overall productivity improvement. “We can see that companies with global vision and technological innovation, such as Amazon, are accelerating their deployment in the field of ARTIFICIAL intelligence, and are committed to the promotion and application of high and new technologies to promote the recovery of the industry and business. When the pandemic puts the global operation on hold, everyone is hoping for a turnaround. But the innovation of Internet intelligent technology has brought new hope to people, but also a strong press on the whole world towards the start of the industrial digital revolution.”