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Top techloy.com News

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates — REUTERS / pwu404

Amazon · United States

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

55% Center coverage: 417 sources

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. In June CEO Andy Jassy, who has aggressively sought to cut costs since becoming CEO in 2021, said that he anticipated generative AI would reduce Amazon’s corporate workforce in the next few years.See the Story

Nvidia becomes first company to reach $5 trillion valuation, fueled by AI boom — REUTERS / pwu404

Nvidia · United States

Nvidia becomes first company to reach $5 trillion valuation, fueled by AI boom

50% Center coverage: 189 sources

Shares of Nvidia rose more than 4% Wednesday, making the tech giant the first company to cross the $5 trillion market value threshold. The extraordinary milestone reflects a remarkable rise for the company, which has evolved from a niche video game processor to an integral player in the artificial intelligence boom.See the Story

Nvidia and Samsung Team up to Build an AI Megafactory with 50,000 GPUs

Artificial Intelligence

Nvidia and Samsung Team up to Build an AI Megafactory with 50,000 GPUs

100% Center coverage: 1 sources

Nvidia and Samsung have announced a partnership to build a new "AI megafactory" featuring significant acceleration capabilities. The South Korean conglomerate plans to install a cluster of 50,000 GPUs designed by Nvidia, with the primary goal of enhancing chip manufacturing for mobile devices and robotics.Read Entire Article See the Story

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