Amazon is ramping up efforts to create AI chips that can compete with Nvidia
- The company is preparing to release new proprietary AI chips
- This will reduce reliance on Nvidia and boost profits
- Proprietary AI chips will cut costs for Amazon and AWS customers
- Amazon's capex through 2024 will be $75 billion.
- Most of the spending will be on tech infrastructure.
- However, Amazon's spending for 2025 could be even higher
- Development will be based on Annapurna Labs technologies
- Amazon acquired the startup about 9 years ago for $350 million
- Amazon is preparing to unveil the new Trainium 2 in December
- Trainium 2 will show a 4x performance boost
- The new Trainium 2 chip is already being tested by AI startup Anthropic
- Databricks, Deutsche Telecom, Ricoh and others are also testing
- Amazon wants to become the market leader in a market dominated by Nvidia
- Inferentia chips already 40% cheaper to generate answers
- AWS and Annapurna have so far failed to weaken Nvidia's position
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Thrive Capital may invest about $1 billion for Databricks
- Thrive Capital in talks to buy stake in startup
- Databricks valuation for new deal could be $55 billion
- Thrive Capital is expected to lead the bid for the deal
- Employees and early investors will be able to sell their shares
- A year ago, Databricks received $500 million at a valuation of $43 billion
- Throughout its time, startup Databricks has raised roughly $4+ billion in funding
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