Amazon just announced a new AI chip: find out more

November 28, 2023 09:35 AM PST | By Invezz
Follow us on Google News:

Amazon.com Inc (NASDAQ: AMZN) announced a new artificial intelligence chip – the “Trainium2” at its Reinvent conference today. Its shares are still slightly in the red at writing.

What we know about the Trainium2

Trainium2 will be four times more powerful than its predecessor in terms of overall performance.

Databricks – a startup based out of San Francisco and Anthropic in which the tech behemoth itself invested about $4.0 billion in September (read more) will use the new chip to build their models added Amazon Web Services on Tuesday.

AWS brought in $23.1 billion in revenue (in line with expectations) in the multinational’s latest reported quarter.

The announcement arrives only days after peer Microsoft Corp unveiled its Maia 100 AI accelerator. $AMZN has rallied more than 20% over the past thirty days.

Amazon unveils Graviton4 processor

Also today, Amazon.com Inc announced a more cost efficient Graviton4 processor at its conference in Las Vegas that it claims performs up to 30% better than its predecessor.

The Arm-based general-purpose processor that consumes less energy than same-league products from rivals AMD and Intel will be commercially available in a few months.

AWS will also enable access to the H200 – an in-demand graphics processing unit by Nvidia Corp, as per the tech behemoth that reported “record-breaking” sales at its eCommerce platform from Black Friday through Cyber Monday this year.

Wall Street currently has a consensus “buy” rating on $AMZN which could benefit from the recent Sam Altman episode at OpenAI (find out more). Watch here: https://www.youtube.com/embed/vRZgIPGfNq0?feature=oembed

The post Amazon just announced a new AI chip: find out more appeared first on Invezz


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.



Top Listed Companies