14 AI News You Should Pay Attention To

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4. Amazon.com, Inc. (NASDAQ:AMZN)

Market Capitalization: $2.1 Trillion  

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the e-commerce business. Investment firm Jefferies recently released an investor note on the AI accelerator market, noting that NVIDIA was likely to keep dominating the artificial intelligence accelerator market, but there was room for companies that made application-specific integrated circuits as well. In particular, the advisory highlighted the efforts made by Amazon which had outsourced the building of the Trainium 2 chip. According to Jefferies, this endeavor had been ramping well. Jefferies analysts expect the AI accelerator market to grow revenue at a 58% compound annual rate from 2023 to 2027, boosted by a 30% increase in volumes and a 22% increase in the average selling prices.

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