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Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp

  • Amazon plans to overhaul Alexa with conversational generative AI in "Banyan," offering a $5 monthly premium version, the first update since 2014, per Reuters.
  • The enhanced Alexa, "Remarkable Alexa," focuses on improving user interaction with more intelligent features, pending final pricing and release details dependent on Project Banyan's progress.
  • CEO Andy Jassy aims to revitalize Alexa by setting an August deadline for the update, signaling a strong interest in the service's improvement.
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Remarkable Alexa will be called the next version of Amazon's virtual assistant, insiders say. It is to be linked to generative AI and could cost fees in the more powerful of the two variants.

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Benzinga broke the news in New York, United States on Friday, June 21, 2024.
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