AWS takes on Nvidia and Amazon shares are loving it
Dataconomy
DECEMBER 4, 2024
Amazon Web Services (AWS) announced the launch of a new AI supercomputer, Project Rainier, constructed from its proprietary Trainium chips, aiming to rival Nvidia’s dominance in the AI chip market. This supercomputer, which will be finalized by 2025, is poised to be one of the largest ever used for training AI models. Following this revelation, Amazon’s stock price increased by over 1%, reaching nearly $213.
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