seattle – Honda The Motor Company (NYSE:) is poised to transition its vehicle lineup into software-defined vehicles (SDVs) by leveraging Amazon (NASDAQ:) Web Services (AWS), a division of Amazon (AMZN) that showed an impressive 56.71% return during the year the past. The collaboration will see Honda use the AWS Digital Proving Ground (DPG) platform to accelerate the development of new electric vehicle (EV) capabilities and mobility solutions. according to InvestingProAmazon maintains a strong market position with revenues of more than $620 billion, supporting its investments in cloud infrastructure.

The DPG platform, built on AWS, will enable Honda to simulate and test new SDV vehicle prototypes in a virtual environment, significantly reducing the need for physical hardware prototypes. This shift is expected to result in faster development timelines and significant cost savings for the automaker. By integrating AWS compute, generative AI, and Internet of Things (IoT) services with Honda’s data lake on AWS, the company aims to accelerate the delivery of software updates and new features for its vehicles.

Honda’s use of AWS IoT services is designed to improve vehicle quality, safety, and autonomy by facilitating continuous software development and deployment in vehicles on the road. This includes tracking electric vehicle battery data and scheduling preventive maintenance. Additionally, Honda plans to leverage Amazon Kinesis Video Streams to develop applications that can analyze and store footage from vehicle cameras, which could help detect abnormal movement outside the vehicle to prevent collisions or damage.

In an effort to improve the electric vehicle charging experience, Honda is developing a solution that uses AWS generative AI services to guide drivers to ideal charging stations. The solution will take into account the driver’s location, battery level, charging speed, charges, and proximity to amenities. This feature is expected to appear for the first time in Honda’s Series 0 electric vehicles, with the aim of simplifying the charging process through personalized recommendations.

To support its move to cloud-based mobility, Honda is launching a joint Expert Builder initiative with AWS in 2024, focusing on training talented hybrid engineers in cloud technologies, including generative AI, analytics and IoT. This initiative is designed to foster innovation and improve the driving experience for Honda customers. Amazon’s strong financial position, with a gross profit margin of 48.41%, positions AWS as a reliable long-term technology partner.

The partnership between Honda and AWS signals the automotive industry’s broader shift toward digitalization and the integration of cloud technology to create smart, connected vehicles. This information is based on a press release issued by Amazon Web Services. For a comprehensive analysis of Amazon’s financial strength and growth potential, including 15 additional tips and detailed metrics, visit InvestingProwhere you can access the full Pro Research report covering Amazon’s market position and future outlook.

In other recent news, Anthropic, an artificial intelligence startup, is in advanced talks to raise $2 billion, which could increase the company’s value to $60 billion, according to The Wall Street Journal. The funding round is led by Lightspeed Venture Partners, and if successful, the deal will make Anthropic the fifth most valuable startup in the United States. Amazon, a major investor in Anthropic, has pledged $4 billion to the startup, which will be converted into shares at the valuation set in the current round.

Loop Capital recently reaffirmed a Buy rating on Amazon, highlighting the strong demand and positive margin outlook for key Amazon segments, including Amazon Web Services (AWS) and the company’s retail operations. Meanwhile, Wolfe Research raised its price target on Amazon, citing AWS growth and automation as key drivers. Wolfe Research expects Amazon Web Services (AWS) to maintain strong and sustainable revenue growth due to growing demand for AI-based workloads and advances in anthropology.

Amazon also issued a warrant to Jabil, a manufacturing services company, allowing Amazon to purchase up to 1.16 million shares in the company. Additionally, Amazon faces a proposed class action lawsuit alleging misuse of approximately $350 million in forfeited 401(k) funds. The lawsuit alleges that Amazon used these funds to offset its own contributions, rather than reduce administrative fees for more than 20,000 participants.

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