Amazon joins AI chip competition
Amazon is working on developing and selling AI chips designed for use in corporate data centers, aiming to reduce Nvidia's dominance in the processor market. The company has begun conversations with potential clients and is targeting to expand its customer base, with expectations of increased demand for globally oriented computing resources, especially in Europe and regions that require local data scrutiny. Amazon's shares rose by 1.8% following the announcement, as it seeks to replicate Google's strategy in this field.
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