News
Amazon CEO reveals AI revenue, dismisses spending doubts in annual letter
2+ week, 6+ day ago (456+ words) By Deborah Mary Sophia April 9 (Reuters) " Amazon's AI services at its cloud-computing unit are generating annualized revenue of more than $15 billion, CEO Andy Jassy said, the first time the company has reported numbers on a business it has "backed with…...
Meta, Core Weave deepen AI cloud partnership with fresh $21 billion deal
2+ week, 5+ day ago (344+ words) April 9 (Reuters) " Meta Platforms is deepening its Core Weave partnership with a fresh $21 billion deal for additional cloud computing capacity, as it rushes to catch up with "rivals in the high-stakes artificial intelligence race after an underwhelming "AI model release…...
Nvidia to invest $2 billion in neocloud Nebius amid AI data center push
1+ mon, 2+ week ago (308+ words) March 11 (Reuters) " Nvidia said on Wednesday it will invest $2 billion in artificial intelligence cloud company Nebius, adding to the leading chipmaker's growing list of investments in AI "firms and data center infrastructure. A filing with the U. S. "Securities and Exchange Commission…...
Nvidia to focus on competition-beating AI advances at megaconference
1+ mon, 2+ week ago (670+ words) SAN FRANCISCO, March 13 (Reuters) " When Jensen Huang strides onto the stage of a packed hockey arena to kick off Nvidia's annual developer conference on Monday, he is likely to reveal products and partnerships geared toward keeping the AI chipmaker atop…...