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Amazon Expands AI Capabilities with New Custom Chips
Amazon has announced the launch of new AI chips, developed by its subsidiary Annapurna Labs, to reduce dependence on Nvidia and improve data center efficiency for AWS customers. Acquired by Amazon in ...
Jeff Bezos Sells 12 Million Amazon Shares Worth $2 Billion
Jeff Bezos, the third richest man in the world and founder of Amazon.com, has moved to sell 12 million company shares. This is his first stock sale in over three years—his last sale was in 2021.Acco...
Amazon and Microsoft Under Investigation: Set to Face Cloud Computing Competition Probe
Amazon and Microsoft are under investigation by Britain’s anti-competition regulators over their dominance of the cloud computing market. On Thursday, media watchdog Ofcom said the Competition and M...
Amazon's $4 Billion AI Investment Plan: What You Need to Know
Amazon on Monday announced that it will invest up to $4 billion in artificial intelligence firm Anthropic as it moves to take a minority ownership position in the company.This shows Amazon’s readine...
Tech Giants Amazon, Meta, Alphabet, Microsoft Under Scrutiny from Lawmakers for AI Labor Exploitation Concerns
Bloomberg reports that big tech companies like Microsoft, Amazon, Meta, and six (6) others are going to face inspection from Democratic lawmakers for using "ghost work" to boost the artificial intelli...