Amazon Web Services today debuted Inf1, an instance that powers AI inference in the cloud that CEO Andy Jassy calls the lowest cost inference offering available in the cloud. "[I]t will have lower latency, it will have 3 times higher throughput, and up to 40% lower cost per instance compared to our G4 instance, which is based on an Nvidia chip which previously was the lowest cost inference instance in the cloud," Jassy said. The vast majority of costs for operations using cloud services to power AI solutions comes from inference, Jassy said onstage today at the AWS re:Invent conference in Las Vegas. The news follows the release of the Elastic Inference service and plans to release the Inferentia AI chip. Inf1 will also be powered by the Inferentia chip made by Annapurna Labs, an Israeli company AWS acquired in 2015.