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☆ Meta opens AI model to commercial use, throwing nascent market into flux
▼ + stars: | 2023-07-18 | by ( Katie Paul | ) www.reuters.com time to read: +4 min

"Any incremental improvement in open-source models is eating into the market share of closed-source models because you can run them cheaply and have less dependency," said Masad. The announcement follows plans by Microsoft's largest cloud rivals, Alphabet's (GOOGL.O) Google and Amazon (AMZN.O), to give business customers a range of AI models from which to choose. Amazon, for instance, is marketing access to Claude - AI from the high-profile startup Anthropic - in addition to its own family of Titan models. Google, likewise, has said it plans to make Claude and other models available to its cloud customers. Until now, Microsoft has focused on making technology available from OpenAI in Azure.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Bard chatbot, Amjad Masad, Claude, Katie Paul, Jeffrey Dastin, Krystal Hu, Kenneth Li Organizations: YORK, OpenAI, Google, Microsoft, Meta, Amazon Web Services, Thomson

☆ Microsoft goes beyond OpenAI, makes Meta's new A.I. model available to Azure customers
▼ + stars: | 2023-07-18 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

But Microsoft is making clear that it's not strictly an OpenAI shop when it comes to generative AI. On Tuesday at its Inspire conference, the company said it's making Meta's new AI large language model, dubbed Llama 2, available on its Azure cloud computing service. Meta said in a blog post that Microsoft is its "preferred partner" for its Llama 2 software, which is available for free for companies and researchers. "Meta and Microsoft share a commitment to democratizing AI and its benefits and we are excited that Meta is taking an open approach with Llama 2," Microsoft said. Llama 2 will also be available through Amazon Web Services and Hugging Face, a popular service used by AI researchers.

Persons: Meta, Mark Zuckerberg, Reid Hoffman Organizations: Microsoft, Inspire, Companies, Meta, Amazon Web Services, OpenAI Locations: OpenAI

☆ UBS says Microsoft shares are 'too attractive' not to buy
▼ + stars: | 2023-07-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The artificial intelligence opportunity and recent underperformance of Microsoft make it hard to stay on the sidelines, UBS said. Analyst Karl Keirstead upgraded the technology stock to buy from neutral and raised his price target by $55 to $400. "We upgrade Microsoft shares to Buy from Neutral on evidence that Azure/AWS cloud infrastructure spend is beginning to stabilize after a significant deceleration over the past year," he said in a note to clients Thursday. Keirstead downgraded Microsoft early in the year, arguing that spending trends for cloud programs such as Azure and Amazon Web Services were going downhill. He argued that Azure's decline, in the case of Microsoft, could weigh on the stock.

Persons: Karl Keirstead, Keirstead, — CNBC's Michael Bloom Organizations: Microsoft, UBS, Web Services

☆ U.S. companies are on a hiring spree for A.I. jobs—and they pay an average of $146,000
▼ + stars: | 2023-07-13 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

There were 7.6 million open jobs in the U.S. in June, according to the Adzuna database, with a growing share calling for AI skills: 169,045 jobs in the U.S. cited AI needs, and 3,575 called for generative AI work in particular. The average tax manager job that'll use AI pays $100,445 a year, according to Adzuna data. AI jobs have been around for decades but exploded in recent months as ChatGPT entered the scene in late 2022. Companies like EY explicitly listed AI as one of their top three hiring priorities, while Wells Fargo and Kaiser Permanente are implementing it across their workflows. Those interested in building their generative AI skills can look into certification and training courses online, from the University of Michigan, Coursera and other e-learning platforms.

Persons: James Neave, Adzuna's, ChatGPT, Jay Shankar, Neave, Kelly Evans Organizations: Companies, Kaiser Permanente, Amazon Web Services, CNBC, University of Michigan, Stanford, MIT Locations: U.S, Wells Fargo, India

☆ Amazon Web Services has launched a new AI team as it scrambles to compete with rivals like OpenAI, leaked email and transcript shows
▼ + stars: | 2023-07-13 | by ( Ashley Stewart | Eugene Kim | ) www.businessinsider.com time to read: +4 min

Amazon is internally scrambling to take advantage of the generative AI boom. AWS just created a new org focused on getting customers to use generative AI to build on its cloud. Amazon Web Services has created a new organization focused on helping customers use generative AI tech on its cloud as the company scrambles to respond to the AI boom, an internal email viewed by Insider shows. "Across AWS (and Amazon), teams are experimenting with generative Al tools to improve builder productivity," DeSantis wrote. "Generative AI will also make it easier to enable a broader group of builders to develop applications on AWS," DeSantis wrote.

Persons: Peter DeSantis, DeSantis, Deepak Singh, Swami Sivasubramanian, I've, Jeff Bezos, Doug Seven, Jonathan Weiss, Harry Mower, Adam Seligman, Adam Selipsky, Selipsky, Ashley Stewart, Eugene Kim Organizations: Services, Insider, Amazon, AWS, Integrated Development, Singh, Web Services

☆ New IT spending survey bodes well for 7 tech stocks in A.I. to cloud to cybersecurity
▼ + stars: | 2023-07-12 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Analysts at Morgan Stanley published the results of their second-quarter CIO survey, providing valuable insight into information technology budget expectations. Cloud and cybersecurity Digging a bit deeper, the survey reveals that cloud computing and security software remain the top two priorities for CIOs followed by artificial intelligence/machine learning. The analysts singled out Microsoft as the most exposed to the two major themes of the survey — generative AI via ChatGPT and cloud consumption via Azure. Cloud and AI enablers All of this also bodes well for the names that make cloud computing, generative AI, and LLMs possible. Importantly, the demand is not only coming from cloud service providers (CSPs) but also from enterprise players and AI startups.

Persons: Morgan Stanley, Bard, Dell, Salesforce, Jim Cramer's, Jim Cramer, Jim, Bing, Jonathan Raa Organizations: Microsoft, Google, Web Services, Club, Software, Hewlett Packard Enterprise, Palo Alto Networks, Alto, Nvidia, Devices, AMD, CNBC, Nurphoto, Getty

The AI models behind a viral chatbot like ChatGPT require immense computing power to train and operate, the kinds of costs Amazon Web Services (AWS) is good at lowering, said Dilip Kumar, vice president overseeing its applications group. A potential boost is that the company, like Google (GOOGL.O), has proprietary chips for AI. Rivals Microsoft (MSFT.O) and Google have marketed higher profile, proprietary technology, capturing mindshare and some business in the sector's potentially lucrative AI contest. Like Google, Amazon is marketing the technology of other prominent startups to give customers choice. The promise of AI aside, Amazon has faced uncertain economic conditions and slowing cloud revenue growth in the near term.

Persons: Dilip Kumar, Jeffrey Dastin, Nuri Vallbona AUSTIN, Kumar, Jamie Freed Organizations: Amazon, REUTERS, Amazon Web Services, Google, Rivals Microsoft, Microsoft, Thomson Locations: Austin , Texas, U.S, Austin

☆ Here's a rapid-fire update on all 35 stocks in our portfolio — including 2 rating changes
▼ + stars: | 2023-07-12 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 35 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Coterra Energy (CTRA): At roughly 10 times forward earnings, Jim said he'd classify Coterra shares as dirt cheap. Estee Lauder (EL): We're downgrading Estee Lauder to a 2 rating Wednesday, meaning we're no longer recommending investors buy the stock at current levels. But we're sticking with Estee Lauder because eventually we expect China's economy to turn around, and with it EL's stock price. The semiconductor firm, which has seen its stock price nearly triple this year, is reportedly considering taking a long-term stake in chip designer Arm Holdings.

Persons: Jim Cramer's, Jim, he's, We're, Walt Disney, Bob Iger, we're, Estee Lauder, Emerson, Locker, Mary Dillon's, Locker's financials, Eli Lilly, Vimal Kapur, Johnson, Morgan Stanley, Morgan Stanley's, he'd, Palo, Laxman Narasimhan, Bud, Stanley Black, Decker, TJX's, Wells Fargo, We've, Wynn, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Investors, Bausch Health, KKR, Costco Wholesale, Costco, Coterra Energy, ESPN, The, Disney, Emerson, National Instruments, Rockwell Automation, Ford, United Auto Workers, GE Healthcare, Halliburton, HAL, Honeywell International, Honeywell, Johnson, Linde, LIN, Novo Nordisk, Meta, Microsoft, Activision Blizzard, Nvidia, Arm Holdings, Palo Alto Networks, Palo Alto, Natural Resources, Procter & Gamble, Constellation Brands, TJX, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: India, Israel, California, U.S, Corona, Wells, Las Vegas , Boston, Macao

☆ Some Amazon advertisers are building customized tools to prevent Prime Day glitches from draining their ad spend
▼ + stars: | 2023-07-12 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Advertisers are buying ads to promote their products during Amazon's two-day Prime Day sales event. Amazon's two-day Prime Day sales event is in full swing, and many marketers are buying ads to promote their discounted products. Three Amazon-focused ad agencies told Insider that they're planning for possible contingencies in case the ecommerce giant misreports metrics about the performance of their critical Prime Day ad campaigns. She said she helped clients calculate how much to spend ahead of Prime Day based on how much they spent last year. Wishon said that she's also advising brands to ramp up ad spend after Prime Day when people are still looking for deals and Amazon's ad prices decrease.

Persons: Todd Bowman, Laura Meyer, Meyer, Wishon, BetterAMS, she's Organizations: Momentum Commerce, Amazon, Commerce, Amazon Web Services

☆ Early Google exec Urs Holzle to step down from executive management role amid cloud shakeup
▼ + stars: | 2023-07-12 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Urs Holzle, Google's senior vice president for technical infrastructure, speaks about the Google Cloud Platform during a conference on June 25, 2014, in San Francisco. 8 Urs Holzle will step back from management after 24 years of leading technical teams, CNBC has learned. Most recently leading technical infrastructure for Google Cloud and reporting directly to CEO Thomas Kurian, Holzle oversaw an organization that consisted of more than 12,000 full-time employees. The move comes amid a shakeup within the company's cloud organization, according to an email from Cloud CEO Thomas Kurian viewed by CNBC. Ben Treynor Sloss, vice president of engineering at Google Cloud, will begin reporting directly to Kurian.

Persons: Urs Holzle, Google's, Thomas Kurian, Holzle, he's, Chris Vonderhaar, Ben Treynor Sloss, Kurian, Jeff Dean, he'd Organizations: Google, CNBC, Cloud, Services, AWS, Center, Amazon, Microsoft Locations: San Francisco, New Zealand

☆ Amazon's Prime Day kicked off Tuesday. Here's what the pros are saying
▼ + stars: | 2023-07-11 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Amazon . The pros, including Jim Cramer , discussed the e-commerce giant after its two-day Prime Day summer sale began Tuesday. Additionally, Wells Fargo named the stock as one of its top picks as the firm sees better expectations for Amazon Web Services ahead of earnings results later this month. Amazon is currently held in Cramer's Charitable Trust portfolio.

Persons: Jim Cramer, Wells Organizations: Amazon, Amazon Web, Trust Locations: Wells Fargo

☆ Amazon charts its own course on A.I., leaning on its strengths in cloud and e-commerce
▼ + stars: | 2023-07-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

AI in advertising Amazon is not only differentiating its gen AI strategy by leveraging the cloud, but it's also incorporating AI in e-commerce to support its ad business. Amazon Prime Day Amazon Prime Day, the global shopping event that attracts consumers seeking huge cost-saving deals, on a variety of products will be held July 11 and 12 in 24 countries. Coupled with the cloud, e-commerce is the other big piece of what Amazon is all about. The 48-hour event is expected to bring in $8 billion in U.S. e-commerce sales, according to data by Insider Intelligence. Still, Insider Intelligence data shows Amazon Prime Day e-commerce sales will surpass that of competing retailers.

Persons: Andy Jassy, Scott Devitt, Devitt, Andrew Lipsman, it's, Lipsman, Sellers, Gene Munster, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon Web Services, CNBC, Amazon, Microsoft, Nvidia, AWS, Insider Intelligence, Google, Deepwater Asset Management, Intelligence, Amazon CNBC Locations: U.S

☆ Stocks making the biggest premarket moves: JetBlue, Zillow, JPMorgan Chase, 3M and more
▼ + stars: | 2023-07-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

JPMorgan Chase — The Wall Street heavyweight added 1.2% in premarket trading after an upgrade from Jefferies to buy from hold on Tuesday. U.S. Bancorp — Shares of the Minnesota-based bank gained 2.2% following an upgrade to buy from neutral by Bank of America. 3M — Shares rose nearly 2% in premarket trading following an upgrade to neutral from underperform by Bank of America. Shares of Zions fell 1.5% in premarket trading, while Truist's were down 1%. The biotech company on Monday said the pricing of its underwritten public offering, of 20 million shares of common stock, would be at $7.50 per share.

Persons: New York John F, Piper Sandler, Thomas Champion, JPMorgan Chase, Ebrahim Poonawala, Wells Fargo, Jefferies, Truist's, Iovance Biotherapeutics, —, Jesse Pound, Alex Harring, Samantha Subin, Brian Evans, Sarah Min, Michael Bloom Organizations: JetBlue Airways Airbus, New York, Kennedy International Airport, JetBlue Airways — JetBlue Airways, JPMorgan, Wall, Jefferies, U.S . Bancorp, Bank of America, Bancorp, Amazon Web Services, Prime, Zions Bancorp Locations: New, USA, U.S, Minnesota, underperform

☆ Stocks making the biggest moves midday: Shutterstock, Newell Brands, Zillow and more
▼ + stars: | 2023-07-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Shutterstock — Shares of the stock image, video and music provider jumped 10% after Shutterstock announced a six-year, expanded partnership with OpenAI, the maker of ChatGPT. Newell Brands — Shares of the consumer goods company jumped more than 10% after Canaccord initiated its coverage with a buy rating. Salesforce — Shares gained more than 2% after the software company announced it would hike prices across its cloud-based offerings starting in August. Scotts Miracle-Gro — Scotts Miracle-Gro shares gained 7% after Truist upgraded the stock to buy from hold. U.S. Bancorp — Shares gained more than 3% after Bank of America upgraded them to buy from neutral, saying earnings and strong execution should foster outperformance.

Persons: Shutterstock, ChatGPT, Canaccord, Zillow, Piper Sandler, Wells Fargo, Goldman Sachs, Goldman, Xpeng, JPMorgan Chase, Jefferies, Wegovy, Gro —, Generac, —, Alex Harring, Michelle Fox, Sarah Min, Yun Li Organizations: OpenAI, Newell, Bank of America, Amazon, Amazon Web Services, Prime, JetBlue Airways —, American Airlines, JPMorgan, Novo Nordisk — Novo Nordisk, Reuters, Scotts Miracle, Gro, Miracle, Truist, Argus Research, Bancorp — Locations: underperform, Xpeng —, Xpeng, U.S

☆ This Club tech stock is a big winner Tuesday and among our top performers this year
▼ + stars: | 2023-07-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stick with Salesforce Club holding Salesforce (CRM) is a big winner Tuesday, soaring more than 3% in midday trading, to $219.75 a share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wells, Jim Cramer's, Jim Organizations: CNBC, CPI, Labor, Federal Reserve, Fed, Salesforce Club, ISI, Tactical, Web Services Locations: —, Wells Fargo

One unit ran a "hackathon," or collaborative engineering event, of so-called generative AI, technology that produces text, images or other new content based on past data. The division, Verafin, was exploring how to imbue such AI into its product for fighting financial crime, he said, adding the technology could create investigative reports. Still, despite using other forms of AI for years, Nasdaq's latest work remains experimental; no code has been published yet drafted by AI, Peterson said. Nasdaq has accessed a preview of Amazon's answer to the generative AI race, namely Amazon Bedrock, a pick-your-preferred technology approach that includes Claude AI from the startup Anthropic. On the longer-term horizon for Nasdaq is integrating the Thoma Bravo-owned software firm Adenza, subject to closure of the $10.5 billion-deal Nasdaq announced last month.

Persons: AUSTIN, Brad Peterson, Verafin, Peterson, We're, Nasdaq's, OpenAI, Claude AI, Thoma, Jeffrey Dastin, Kenneth Li, Deepa Babington Organizations: Nasdaq, Computer, Amazon Web Services, Microsoft, Thoma Bravo, Thomson Locations: Austin

☆ Generative AI is bringing back cloud demand after IT budgets were slashed, and this boom could be a big win for Amazon, analysts say
▼ + stars: | 2023-07-10 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +2 min

Deal cycles are back to closing at about 30 to 60 days in Q2, a Mizuho Bank report said. The demand for generative AI, which operates in the cloud, has driven the stabilization. The big cloud-computing budget cut could be subsiding thanks to generative AI, and Amazon Web Services could benefit massively, according to a new survey of CIOs from Mizuho Bank. CIOs who were focused on trimming cloud budgets in the first quarter are now looking to spend those savings on generative AI. Customers are especially excited about Bedrock, Amazon's foundational model for developers to build generative AI on, because of its privacy features, the survey said.

Persons: CIOs, Mizuho, Bernstein, Bard Organizations: Mizuho Bank, Amazon Web, Mizuho Bank's, AWS, Microsoft, Google, Analysts Locations: Mizuho, OpenAI

☆ Oracle's cloud business, which runs TikTok, could be hurt the most from Biden's new proposed restrictions for China
▼ + stars: | 2023-07-06 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Most US cloud companies won't be too hurt except perhaps Oracle, which runs TikTok. US cloud computing companies are about to be the latest target in the discord between the Biden administration and China. That loophole involves cloud computing companies. They merely have to pay for cloud computing services offered by the largest cloud providers. Chinese companies have plenty of local cloud providers to use for their cloud computing needs, like Tencent and Alibaba Cloud.

Persons: Biden, Bernstein, Mark Moerdler, Moerdler, Moerdler isn't, Ampere, Larry Ellison, Joe Biden, Julie Bort Organizations: Morning, Oracle, Wall Street, Amazon Web Services, Google, Microsoft, TikTok, Nvidia, supercomputing, AMD, Twitter Locations: China, Beijing

☆ Elon Musk praises China's AI developments at state-backed conference sponsored by US-sanctioned companies
▼ + stars: | 2023-07-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk appeared via video link at the World AI Conference in Shanghai, per Bloomberg. The government-hosted conference is sponsored by Huawei and SenseTime – both sanctioned in the US. Elon Musk praised China's developments in AI as he discussed the technology at a government-backed conference on Thursday, Bloomberg reported. Musk appeared on screen at the World AI Conference in Shanghai, which is hosted by Chinese government ministries, per South China Morning Post. According to Reuters, Musk met with China's sixth highest-ranked leader, Vice Premier Ding Xuexiang — believed to be the first time he's met one-on-one with a foreign CEO.

Persons: Elon Musk, Musk, –, Ding Xuexiang —, he's, Vivek Ramaswamy, Tesla, Twitter Organizations: World AI Conference, Bloomberg, Huawei, SenseTime, Morning, China Morning, Amazon Web Services, IBM, Microsoft, Qualcomm, US, Shanghai, —, Reuters, Chinese Communist Party Locations: Shanghai, China, Xinjiang, Western China

☆ Amazon CEO explains how the company will compete against Microsoft, Google in AI race
▼ + stars: | 2023-07-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon CEO Andy Jassy doesn't believe the retail and cloud computing giant should be counted out of the artificial intelligence race just yet. Jassy has said Amazon intends to invest in AI across the company, and that AI programs have the potential to improve "virtually every customer experience." Earlier this year, AWS unveiled a generative AI service called Bedrock, where clients can use language models from Amazon and other startups to develop their own chatbots and image-generation services. AWS has also developed its own AI-specific chips, called Inferentia and Trainium, which aim to make it easier for developers to run large AI language models in the cloud. It's going up against Nvidia , whose powerful semiconductors have dominated the market for AI chips.

Persons: Andy Jassy doesn't, Jassy, ChatGPT, Jon Fortt Organizations: CNBC, Microsoft, Google, Web Services, AWS, Nvidia

☆ In a leaked recording, AWS CEO warns employees about a 'Day 2' mindset creeping, saying his biggest worry is 'ourselves'
▼ + stars: | 2023-07-06 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon Web Services CEO Adam Selipsky said he's worried about the company itself when employees asked what keeps him up at night. Selipsky told employees to stay curious, restless, and dissatisfied with the status quo. Amazon employees in recent years have complained about the so-called "Day 2" mindset creeping in, as Insider previously reported. At last month's meeting, Selipsky alluded to the Day 2 culture by mentioning the difference between "incumbents" and "insurgents." You can only do that if you're restless and dissatisfied.

Persons: Adam Selipsky, he's, Selipsky, Adam Selispky, Andy Jassy, Amazon's, Seplisky, They're, there's, we'll Organizations: Amazon Web, Web, Amazon, Builders, AWS

☆ The US could restrict Chinese companies from using cloud service providers like Amazon and Microsoft
▼ + stars: | 2023-07-04 | by ( Thomas Maxwell | ) www.businessinsider.com time to read: +2 min

Chinese companies currently cannot purchase advanced chipsets from companies like Nvidia. The Biden administration could restrict block US-based cloud providers from supplying their services to Chinese companies, the Wall Street Journal reported. These new restrictions could curb American cloud providers like Amazon Web Services and Microsoft from selling cloud access to AI developers in China. Chinese companies could still train complex AI programs by renting resources from the likes of AWS or Microsoft, both of which offer cloud services in China and compete with Chinese cloud providers like Alibaba. The White House, Commerce Department, Nvidia, Microsoft, and Amazon did not immediately respond to Insider's requests for comment.

Persons: Biden Organizations: Wall Street Journal, Nvidia, US, Morning, Amazon Web Services, Microsoft, Huawei, , Commerce Department, Amazon Locations: China, American, Montana

☆ Giving New York a Try, and Leaving the Big Stuff to Fate
▼ + stars: | 2023-07-03 | by ( Lia Picard | ) www.nytimes.com time to read: +1 min

Living in New York is busy, Ms. Stefanatos said, and there’s so much going on. “I’m in a job where I’m speaking to people a lot,” Ms. Stefanatos said. “I didn’t look at anything else,” Ms. Stefanatos said. “That was a bit of a pain, to be completely honest,” Ms. Stefanatos said. “If anything, I didn’t realize how extensive the co-op process is, even for a tenant,” she said.

Persons: Chelsea Adriana Stefanatos, Stefanatos, ”, “, Ms Organizations: Chelsea, Amazon Web, ” Locations: New York, SoHo, bookshelves

☆ Microsoft is developing cutting-edge AI chips to 'close the gap' with AWS, internal documents show
▼ + stars: | 2023-06-30 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Microsoft is betting on making its own AI chips for long-term growth, new internal documents show. Cloud market leader AWS is lagging behind Microsoft in AI efforts. Microsoft is betting on developing its own silicon chips to drive long-term growth for its cloud business, newly-released internal strategy documents confirm. It hopes the chip will outperform the ones it buys from vendors to save money on its high-cost AI efforts. Wall Street was less impressed by the AI efforts AWS touted on its earnings call a few days later.

Persons: We're, Satya Nadella, Bernstein, Ellen Thomas Organizations: Microsoft, FTC, Activision Blizzard, AWS, Federal Trade Commission, Companies, Apple, Google, Amazon Web Services

☆ Leaked document shows Amazon is in talks to expand its cloud contract with the Dutch government. It just passed a major privacy test, too.
▼ + stars: | 2023-06-30 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon and the Dutch government are in talks to significantly expand the cloud deal between them. Amazon just passed an important data privacy test by the Dutch government. Amazon Web Services is in discussion to significantly expand its cloud contract with the Dutch government. The deal talks are taking place in the midst of a series of Dutch audits over AWS's data privacy measures, according to the document. Last week, AWS passed the Dutch government's Data Privacy Impact Assessment (DPIA), a key part of complying with Europe's General Data Protection Regulation, known as GDPR.

Persons: Amazon's, Eugene Kim Organizations: Amazon, Dutch Ministry of Justice, AWS, Security, Data, New York Times Locations: Government

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