Articles for tag: AI, Amazon, Andy Jassy, AWS, cloud computing, earnings report, technology news

November 1, 2024

Amazon CEO Andy Jassy emphasizes AWS’s advantage in the competitive AI landscape as Q3 earnings surpass expectations, boosting stock by 6%.

Amazon CEO Andy Jassy highlighted that Amazon Web Services (AWS) positions the company strongly in the competitive AI landscape. He emphasized AWS’s ability to effectively manage logistics for scaling AI initiatives, underlining that the company has the necessary experience to handle complex cloud operations. In Amazon’s third-quarter earnings report, the company surpassed Market expectations, leading ...

October 30, 2024

Market News

Google’s new “Prompting Essentials” course teaches effective communication with AI, unlocking its potential for creativity and productivity.

Google has launched a new course called “Prompting Essentials,” designed to help users effectively communicate with AI tools. This 10-hour self-paced course aims to enhance productivity, creativity, and problem-solving skills. Users will learn a five-step framework for creating personalized AI agents, summarizing documents, brainstorming, and analyzing data. Developed by experts from Google and DeepMind, this ...

October 29, 2024

Market News

Google’s tests reveal Intel’s CPUs can efficiently run AI models, challenging the dominance of high-cost GPUs in enterprise AI workloads.

Most Generative AI models currently rely on GPUs or specialized accelerators, but recent findings suggest CPUs can also perform effectively for enterprise AI tasks. Google has tested Intel’s 4th-Gen Xeon processors, revealing that they can achieve reasonable latency when running large language models, like Llama 2, at 16-bit precision. The tests showed a time of ...

October 29, 2024

Market News

Seven trillion-dollar companies lead the AI revolution, but Netflix emerges as a strong contender for future growth in streaming.

Currently, seven companies have surpassed a $1 trillion valuation, all of which are leaders in the artificial intelligence sector. These include tech giants like Apple, Nvidia, and Microsoft. In contrast, Netflix is identified as the next likely candidate to break into the trillion-dollar club, thanks to its significant global subscriber base of 283 million and ...

October 29, 2024

Market News

AI’s surge demands energy-intensive data centers, straining Europe’s sustainability goals and igniting a heated battle for efficient cooling solutions.

The rise of artificial intelligence is driving a significant change in how data centers operate, particularly in Europe. As demand for powerful chips like Nvidia’s GPUs surges, developers must now lower water temperatures in cooling systems to keep these chips functional. This shift poses challenges to the European Union’s energy efficiency goals, as AI is ...

October 28, 2024

Market News

Bryn Mooser’s Asteria redefines filmmaking, leveraging AI to empower artists and revolutionize animation while ethical concerns loom.

Asteria, an animation company founded by Bryn Mooser, emphasizes its identity as a film studio rather than a tech company. Mooser aims to use AI tools to enhance the filmmaking process, believing that while technology can help, the essence of film-making remains rooted in teamwork, dedication, and creativity. He sees AI as an opportunity to ...

October 28, 2024

Market News

Zuckerberg’s Meta shifts focus from the metaverse to AI, showing promise amidst skepticism and previous struggles, igniting dramatic transformation.

Three years ago, Facebook transformed into Meta, with Mark Zuckerberg envisioning a future of virtual worlds. While spending billions on the metaverse, Meta faced skepticism and lukewarm consumer interest. The breakthrough came in late 2022 with the rise of generative AI, prompting Zuckerberg to pivot focus. His AI investments have started yielding positive results, significantly ...

October 28, 2024

Market News

AI’s global revolution demands new data center infrastructure, challenging nations to navigate geopolitical risks and secure technological superiority.

The next industrial revolution driven by AI is set to change global dynamics. Unlike past revolutions that had specific centers, this one is already global, relying on data centers as its backbone. These facilities require significant energy and resources, and their relevance is highlighted by the U.S. investment of over $600 billion in AI infrastructure ...

October 28, 2024

Market News

Compact AI models are revolutionizing retail, enabling small businesses to optimize operations and compete effectively without immense costs.

Businesses of all sizes, from local shops to large retailers, are turning to smaller AI models for significant cost savings and efficiency. These compact models can handle tasks like managing inventory and automating customer service with the same accuracy as larger systems but at a lower expense. H2O.ai recently introduced lightweight models that excel in ...