15 AI News You Missed This Week

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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. On November 12, news publication Financial Times reported that Amazon was set to release new artificial intelligence chips. Per the reports, the move is part of a larger plan by the tech giant to accelerate the rate of returns on multibillion-dollar semiconductor investments, as well as decreasing reliance on chipmaker NVIDIA. The news publication further claims that the cloud computing division of the company is spending big on custom AI chips, hoping to boost efficiency inside Amazon data centers and bring down the costs to customers of Amazon Web Services.

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