Amazon Machine Learning allows users to easily build predictive models. The presentation discusses: 1) Examples of how companies like BuildFax and Upserve use Amazon ML to provide roof condition estimates and predict restaurant customer numbers. 2) The process for building smart applications with Amazon ML, including creating a data source, training a model, evaluating performance, and retrieving predictions through batch or real-time APIs. 3) How Amazon ML fits into other AWS AI services like Rekognition, Lex, and MXNet for deep learning, and is part of Amazon's goal to make machine learning widespread.