Amazon (AMZN) released a new AI chip on Tuesday, marking the latest move by a tech giant to challenge leading chipmaker Nvidia (NVDA) by introducing custom chips that can handle some AI tasks at lower ...

Amazon's cloud business has a $15 billion annual revenue run rate from its AI offerings and is seeing strong demand for its custom chips, Chief Executive Andy Jassy said Thursday in his annual letter ...

Editor's take: Nvidia became the world's most overvalued company as Big Tech players scrambled to buy every GPU and AI accelerator they could get. Many of these corporations are now turning their ...