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
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