Dentistry cover and dental Information about Dentist around the world Related Articles
on tuesday, Amazon.com, Inc. (NASDAQ:AMZN) unveiled advanced AI chipsets designed to improve partner performance Anthropogenic.
This development aims to challenge the current market leaders, Nvidia Corporation (NASDAQ:NVDA) y OpenAIcreator of ChatGPT.
what happened
During Amazon’s biggest re:Invent conference of the year, the tech giant deployed hundreds of thousands of its semiconductors Trainium2 in batches, significantly increasing Anthropic’s processing capacity.
The new chipset, called project Rainierexpected to be the world’s largest set of dedicated AI hardware, with more than 100,000 chips.
Amazon aims to offer an alternative to Nvidia GPUs, which are often expensive and in short supply. As reported by Bloomberg, the company will begin offering computing power supported by the new chip Blackwell from Nvidia early next year.
Amazon Web Services announced that it began providing its customers with its latest chips starting Tuesday.
CEO of Amazon, Andy Jassyintroduced the models Novacapable of generating text, images and video. These models represent Amazon’s latest attempt to compete with OpenAI’s advanced GPT models.
You can also read: Analysts warn: S&P 500 all-time highs could portend losses in 2025
Why is it important?
This latest development in AI chipsets is part of Amazon’s ongoing partnership with Anthropic. The e-commerce giant has strengthened this collaboration with a $4 billion investment in the AI startup, bringing the total to $8 billion.
This alliance also positions AWS as Anthropic’s primary cloud provider and training partner, leveraging the chips AWS Trainium e Conclusion for future models.
In September, Amazon received good news when the UK Competition and Markets Authority approved this collaboration, allowing Amazon to move forward without regulatory hurdles.
Last month, Amazon reported third-quarter sales of $158.9 billion, reflecting an 11% year-over-year increase. That figure beat Wall Street’s consensus estimate of $157.2 billion, according to data from Benzinga Pro.
Amazon has a consensus price target of $238.16 from 38 analysts, with the highest price target of $285 set by JMP Securities on November 1. Latest reviews of BMO Capital, MoffettNathanson y Redburn Atlantic They point to an average target of $239.67, suggesting a potential upside of 11.92%.
Photo courtesy of Shutterstock
You can also read: Grifols shares (GRFS): JP Morgan lowers price target to 9.5 euros due to financial concerns
For more updates on this topic, turn on Benzinga Spain notifications or follow us on our social networks: X and Facebook.
Get exclusive information on market movements 30 minutes before other traders
The free 14-day trial of Benzinga Pro, available in English, gives you access to exclusive information so you can receive useful trading signals before millions of other traders. CLICK HERE to start your free trial.
