Amazon’s capital spending is expected to reach $75 billion in 2024, with a large portion dedicated to tech infrastructure, up from $48.4 billion in 2023, reflecting the AI investment trend among major cloud providers. See Also: Maker of the $60,000 ...

Yeah, okay, neither of those figures is small potatoes; Nvidia is a heavy-hitter in this arena for sure—but there's about to be a rumble in the AI jungle. In a move geared towards reducing their reliance on Nvidia, Amazon is looking to make good on the ...

Amazon is developing Trainium 2, its next-generation AI chip, designed to reduce reliance on Nvidia and cut operational costs. Led by Annapurna Labs, the chip is expected to be unveiled next month and is already being tested by companies like Anthropic.