Amazon has joined Microsoft in offering access to Chinese startup DeepSeek's low-cost, open-source artificial intelligence training models. DeepSeek is challenging Meta in open-source models.
DeepSeek’s AI breakthrough challenges Big Tech with a cheaper, efficient model. This may be bad for the incumbents, but good for everybody else.
The cause of investors’ panic was DeepSeek, an obscure Chinese hedge fund turned AI startup that has blown analysts away with its latest large language model, R1, released on January 20th. Consumers have flocked to DeepSeek’s chatbot,
Amazon bought hundreds of acres of land in Ohio to build a massive data center. Are server farms and data centers different? Let's take a look.
Goldman Sachs has hired Daniel Marcu from Amazon.com as its global head of artificial intelligence engineering and science to help develop and refine artificial intelligence platforms and products, according to a memo seen by Reuters.
The S&P 500 index hit a new all-time high over 50 times in 2024, and many companies' valuations are very high. However, Amazon's stock price is still reasonable. Based on the abovementioned cash flow and earnings, it trades below five-year historical averages, as shown below.
Companies investing in AI won't reap "superior returns" without cultivating philosophical insight, say MIT researchers.
DeepSeek has complicated the dominant narrative that's propped up the market for the last 2 years, challenging lofty valuations and heavy AI spending.
The race to develop AI has already rewritten the traditional rules of finance, with Big Tech leading the charge.
Amazon would rather you try clothes on virtually instead of testing their fits at home. The company is officially retiring its “Try Before You Buy” program at the end of January, and in its place, Amazon wants you to trust its AI tools to find your perfect fit.
Cheap AI can lead to more retailers delivering targeted ads, tailored promotions, and other personalized contact with shoppers. That may not sound ideal
These tech giants recognize that the next generation of microprocessors to be used for AI calculations at data centers will require oodles of electricity to power and cool them. A single Nvidia Blackwell chip,