As per news updates regarding upgraded technology: Amazon’s stock has increased after the company announced some exciting new developments in its AI technology. They introduced updates to their Trainium AI chip and revealed plans to build a supercomputer called the ‘Ultracluster.’ This supercomputer will use custom-designed servers to significantly improve the training of AI models.
The ‘Ultracluster’ will be powered by hundreds of thousands of Amazon’s Trainium chips, which are designed to be both powerful and cost-effective. This move is seen as a way for Amazon to compete with Nvidia, a leading company in the AI hardware market. The project is expected to be ready by 2025 and will support advanced AI tasks, both for training and running AI models.
Amazon’s collaboration with AI startup Anthropic, which will leverage the supercomputer for its AI models, further underscores the company’s commitment to advancing AI technology
This development has positively impacted Amazon’s stock, reflecting investor confidence in the company’s strategic direction and technological innovations
