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News on Medial
Nvidia could be primed to be the next AWS
TechCrunch
·
1y ago
Medial
Nvidia and Amazon Web Services (AWS) have similarities in their growth trajectories. Both companies stumbled upon their core businesses through serendipity - AWS realized it could sell internal services to external clients, while Nvidia found that gaming GPUs were suitable for AI workloads. Nvidia's revenue has been growing rapidly, especially in the data center business, while AWS has consistently been a major revenue driver for Amazon. However, AWS' growth has slowed down while Nvidia's continues to skyrocket. The question remains whether Nvidia can sustain long-term growth and become a revenue powerhouse like AWS.
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AWS pledges $100 M in cloud credits to boost global education equity
YourStory
·
9m ago
Medial
Amazon Web Services (AWS) has announced that it will be providing up to $100 million in cloud credits over the next five years to support educational institutions and underserved students globally. This commitment is a part of AWS Education Equity Initiative and aims to help these organizations and students develop and scale digital learning solutions. The cloud credits can be used to reduce expenses when utilizing AWS's cloud services, allowing recipients to access AWS's comprehensive cloud technology and AI services to create innovative learning tools and experiences. AWS will also provide technical guidance and support through its solution architects.
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Amazon racing to develop AI chips cheaper, faster than Nvidia's, executives say
Economic Times
·
1y ago
Medial
Amazon is developing its own chips to reduce its reliance on Nvidia and offer cheaper alternatives for customers. The company's AI chips, Trainium and Inferentia, aim to make computing complex calculations and handling large amounts of data more affordable. David Brown, Vice President at Amazon Web Services (AWS), stated that the chips offer up to a 40-50% improvement in price and performance compared to Nvidia. AWS saw a 17% surge in sales to $25 billion in Q1, with Amazon using its chips during Prime Day to handle increased activity.
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Race for AI isn't zero-sum, says Amazon cloud boss
Economic Times
·
1y ago
Medial
Amazon's cloud chief, Adam Selipsky, disagrees with critics who claim that Amazon is falling behind in the race to develop generative artificial intelligence (AI). Selipsky believes that there won't be a single model to dominate the field, and Amazon Web Services (AWS) already offers multiple AI models for different use cases. While competitors like Microsoft and Google are gaining ground in the cloud computing market, AWS continues to invest in AI innovations, such as its Trainium chips and Amazon Bedrock platform. Selipsky remains confident that Amazon will remain a leader in cloud computing. AWS customers and partners, including Nvidia and Pfizer, are already leveraging generative AI to improve productivity and customer interaction.
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OpenAI sees $11.6 billion revenue next year, offers Thrive chance to invest again in 2025
Economic Times
·
11m ago
Medial
Thrive Capital is set to invest over $1 billion in OpenAI's current $6.5 billion fundraising round. As part of the deal, Thrive has the potential to invest another $1 billion next year if OpenAI reaches a revenue goal. OpenAI predicts its revenue will reach $11.6 billion in 2023, while losses for this year could be as high as $5 billion. The funding round, expected to close next week, could value OpenAI at $150 billion. Thrive Capital led OpenAI's previous funding round and is offering $1.2 billion for this round. Other investors include Microsoft, Apple, Nvidia, and Khosla Ventures.
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Nvidia sales likely doubled - even that may not impress investors
Economic Times
·
1y ago
Medial
Nvidia is expected to report strong second-quarter revenue growth, potentially doubling its earnings. However, investors are hoping for even better results from the AI chip giant. Depending on the outcome, this could either boost or shatter the current AI rally. Nvidia's stock has experienced a significant surge this year, contributing to the overall market value of the tech industry. Despite concerns about meeting high expectations and potential production delays of the next-gen Blackwell AI chips, Nvidia is still projected to forecast a surge in third-quarter revenue. However, this growth may not be as substantial as previous quarters.
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Tesla could start selling Optimus robots by the end of next year, Elon Musk says
Economic Times
·
1y ago
Medial
Tesla CEO Elon Musk has announced that the company's humanoid robot, Optimus, could be ready for sale by the end of next year. The development of humanoid robots aims to address labor shortages and perform repetitive tasks in industries such as logistics and manufacturing. Other companies, including Honda, Hyundai, Microsoft, and Nvidia-backed startup Figure, are also investing in the development of humanoid robots. Musk believes that robot sales could become a significant part of Tesla's business. However, it is worth noting that Musk's previous ambitious promises have not always been fulfilled.
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Samsung's arch-rival presents HBM3E memory chip that could power Nvidia's Blackwell B100 AI GPU — with 16 layers, 48GB and 10.24Gbps transfer rate, this may well be the key to make ChatGPT 6 live
Techradar
·
1y ago
Medial
Samsung's rival SK Hynix is set to unveil its HBM3E DRAM memory chip, which offers improved performance and power efficiency. This breakthrough technology could potentially power Nvidia's upcoming B100 Blackwell AI GPU, as Micron won't release the next generation of its high-bandwidth memory unit until 2025. While Samsung was considered a likely candidate, SK Hynix is now a strong possible alternative supplier for Nvidia. The official confirmation of the chosen supplier is yet to be announced.
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Nvidia CEO Jensen Huang says AI could pass human tests in five years
Economic Times
·
1y ago
Medial
Nvidia CEO Jensen Huang predicts that artificial general intelligence (AGI) could arrive within the next five years, depending on how AGI is defined. Huang believes that if passing human tests is the criterion for AGI, then it could be achieved in five years. However, if AGI is defined differently, it may take longer due to disagreements among scientists on how to describe human minds. Huang also mentioned the need for more chip factories to support the expansion of the AI industry, but noted that advancements in algorithms and processing efficiency will also reduce the number of chips required.
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Nvidia to take Intel's spot on Dow Jones Industrial Average
Economic Times
·
10m ago
Medial
Nvidia will replace Intel on the Dow Jones Industrial Average index, highlighting the shifting landscape of the chipmaking market and adding to Intel's struggles. Nvidia and paint-maker Sherwin-Williams will join the index next week. Intel, once a dominant force in chipmaking, has fallen behind rival TSMC and missed opportunities in artificial intelligence. Its shares have declined 54% this year. Losing its Dow Jones status could further impact Intel's reputation and share price. Meanwhile, Nvidia has become a key player in the semiconductor industry due to the essential role its chips play in powering AI technologies.
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Tech Mahindra partners with AWS to build sports cloud platform
IndianStartupNews
·
1y ago
Medial
Tech Mahindra has partnered with Amazon Web Services (AWS) to develop a sports cloud platform. The collaboration aims to enhance digital capabilities for sports organizations and provide personalized experiences for fans worldwide. The platform will leverage IoT for efficient stadium management and offer data-driven insights. It will be built on AWS, utilizing real-time analytics, AI, ML, AR/VR, enriched broadcasting, and Web 3.0 technologies. AWS services like AWS Elemental MediaLive, MediaConvert, and Amazon Managed Blockchain will be integral to the platform. The collaboration aims to transform the sports industry and improve fan engagement.
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