Amazon ($AMZN) is developing an AI assistant named 'Metis' to compete with OpenAI's ChatGPT, according to Business Insider. Metis employs retrieval-augmented generation to provide up-to-date information and automate tasks. The project leverages Amazon's internal AI model, Olympus, to offer a smarter and more efficient user experience. Sources familiar with the matter have confirmed these details. The AI chatbot aims to enhance user interactions significantly.