Netflix Stock Jumps 14% After Exiting Warner Bros Deal as Paramount Seals $110 Billion Acquisition 
U.S. Deploys Tomahawks, B-2 Bombers, F-35 Jets and AI Tools in Operation Epic Fury Against Iran 
Oil Prices Steady as US-Iran Nuclear Talks and Rising Crude Inventories Shape Market Outlook 
Trump Orders Federal Agencies to Halt Use of Anthropic AI Technology 
FCC Approves Charter Communications’ $34.5 Billion Acquisition of Cox Communications 
OpenAI Hires Former Meta and Apple AI Leader Ruomin Pang Amid Intensifying AI Talent War 
Middle East Airspace Shutdown Disrupts Global Flights After U.S.-Israel Strikes on Iran 
Greg Abel’s First Berkshire Hathaway Shareholder Letter Signals Continuity, Caution, and Capital Discipline 
Stock Market Movers: Dell, Block, Duolingo, Zscaler, CoreWeave, Autodesk, Rocket, MARA 
Apple to Begin Mac Mini Production in Texas Amid $600 Billion U.S. Investment Plan 
Snowflake Forecasts Strong Fiscal 2027 Revenue Growth as Enterprise AI Demand Surges 
Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea 
Gold Prices Rally in February as Geopolitical Risks and Economic Uncertainty Boost Safe-Haven Demand 
Dominican Republic Unveils Massive Rare Earth Deposits to Boost High-Tech and Energy Sectors 
Anthropic Refuses Pentagon Request to Remove AI Safeguards Amid Defense Contract Dispute 
U.S. Stock Futures Fall as Nvidia Drops Despite Strong Earnings; Netflix Jumps 9% 
Nvidia to Launch New AI Inference Processor to Boost OpenAI Performance 
Amazon Web Services (AWS) is contemplating incorporating Advanced Micro Devices (AMD)'s latest artificial intelligence (AI) chips, potentially diversifying a market largely controlled by NVIDIA.
The remarks were made during an AMD event in which the chip company revealed its strategy for the AI market, which is at present dominated by arch-rival Nvidia Corp. AMD's shares experienced a 1% increase on the back of this news, after closing 3.6% lower on Tuesday, following AMD's failure to disclose the expected flagship customer for its AI chip, anticipated to be developed later this year.
Lisa Su, AMD's Chief Executive, said that AMD can now offer a range of all the necessary components for developing systems needed to operate services like ChatGPT, though customers can choose which components they need by making use of standard connections prevalent in the industry.
While AWS has not yet committed publicly to using AMD's new MI300 chips in its cloud services, Dave Brown, vice president of elastic compute cloud at Amazon, admitted that the company is considering their usage. He also revealed that AWS declined to collaborate on NVIDIA's DGX Cloud offering.
Brown stated that AWS prefers to design its servers from scratch, evidenced by the fact that the company began selling NVIDIA's H100 chip in March, but as part of systems of its own design.
The tech giant's first-quarter earnings report revealed that its cloud unit generated a whopping $21.4 billion, though it only grew at a rate of 16% in the first three months of this year, compared to its 37% growth rate of last year.
Despite these conditions, AWS will host its two-day security-focused cloud conference in Anaheim, California, starting Tuesday. This meeting is one of Amazon's annual events, showcasing its cloud offerings to current and potential clients seeking to store their valuable data on its extensive network of servers worldwide.
Photo: Vladimir Malyutin/Unsplash
