Market Chatter: Amazon Gains Ground in AI Chip Development

MT Newswires Live02:26

Amazon.com's (AMZN) long-running effort to develop an alternative to Nvidia's (NVDA) AI chips is starting to gain ground, The Information reported Tuesday.

Anthropic and OpenAI have agreed to rent large amounts of current and future Trainium capacity from Amazon, and recent software improvements are prompting smaller developers to consider shifting workloads to the chip, the report said.

Amazon did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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