tiprankstipranks
Amazon is set to release its newest AI chips, FT reports
The Fly

Amazon is set to release its newest AI chips, FT reports

Amazon (AMZN) is set to release its newest artificial intelligence chips as the company seeks returns on its multibillion-dollar semiconductor investments and reduce its reliance on Nvidia (NVDA), Michael Acton and Tim Bradshaw of The Financial Times reports. Executives at Amazon’s cloud computing division are spending a lot on custom chips, hoping to boost efficiency insides its data centers and bring down the costs to customers of Amazon Web Services.

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App