4 stories found
Snowflake's stock surged by 30% after the company reported an earnings beat and unveiled plans to invest $6 billion in Amazon's Web Services, including the use of Arm-based Graviton chips.
Meta has announced its decision to integrate Amazon Graviton chips to power its artificial intelligence services, marking a significant development in its AI infrastructure strategy.
Meta has signed an agreement with Amazon Web Services (AWS) to power its agentic AI initiatives. This collaboration will utilize AWS Graviton chips to enhance Meta's artificial intelligence capabilities.
Billionaire investor Bill Ackman's Pershing Square has significantly increased its positions in major tech companies, including Amazon and Meta Platforms. This move comes as Meta announces workforce cuts and a pivot towards AI, while Amazon boosts its custom chip development with Meta's support.