Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Andy Jassy returns to AWS re:Invent as Amazon beefs up its AI chops - SiliconANGLE

Dec 06, 2024 - siliconangle.com
Amazon Web Services (AWS) dominated the news this week with its re:Invent conference in Las Vegas, where it unveiled new artificial intelligence (AI) models and chips, and updates to its AI application platforms. The cloud giant, which has been seen as lagging behind AI leaders Google and Microsoft, appears to be closing the gap quickly. Amazon CEO Andy Jassy introduced the new Nova models, signaling the company's intent to be a major player in AI.

In other news, Intel's future looks uncertain after CEO Pat Gelsinger was ousted and investors pulled out, casting doubt on the U.S.'s attempt to rebuild its domestic chip manufacturing base. Meanwhile, enterprise software and hardware companies including Salesforce, Hewlett Packard Enterprise, Pure Storage, and Marvell reported strong quarters. Bitcoin surpassed $100,000, and Veeam raised $2 billion ahead of an IPO, raising its valuation to $15 billion.

Key takeaways:

  • Amazon Web Services (AWS) has unveiled new artificial intelligence models and AI chips at its re:Invent conference, signaling its intent to become a major player in the AI field.
  • Intel's future looks uncertain after CEO Pat Gelsinger was forced to retire and investors pulled out, casting doubt on the U.S.'s attempts to rebuild its domestic chip manufacturing base.
  • Bitcoin surpassed $100,000, buoyed by confidence in Donald Trump, who has his own cryptocurrency scheme and has appointed donor David Sacks as an AI and crypto czar.
  • Veeam, a cloud data management company, has raised $2 billion in funding ahead of an initial public offering, increasing its valuation to $15 billion.
View Full Article

Comments (0)

Be the first to comment!