Nvidia Corp (NASDAQ: NVDA) stock beat the broader indexes Invesco QQQ Trust, Series 1 (NASDAQ: QQQ), and SPDR S&P 500 (NYSE: SPY) Tuesday as the artificial intelligence rally is in no mood to slow down. The trillion-dollar chip designer lost over 10% last month amid profit-taking. Bernstein recommended investors take profits in pricey tech stocks like Nvidia. Also Read: Amazon's AWS and Anthropic Join Forces: A Billion-Dollar Partnership Challenging Nvidia and Microsoft in the AI Arena The AI co
The e-commerce and cloud titan, Amazon.com Inc (NASDAQ: AMZN) just revealed it had placed a big bet on AI development by investing $4 billion in AI company Anthropic, which makes chatbots that rival Microsoft Corporation (NASDAQ: MSFT)-backed OpenAI’s ChatGPT. With the aim to advance generative AI development, the strategic partnership will make Amazon Web Services the startup’s primary cloud provider while AWS customers will gain early access to unique features for model customization along wit
Amazon plans to invest up to $4bn in artificial intelligence start-up Anthropic, as the big tech group steps up its rivalry with Microsoft, Google and Nvidia to persuade AI companies to use its technology. The deal, announced on Monday, will see Amazon invest an initial $1.25bn for a minority stake in Anthropic. It is a bid to forge a close relationship with a prominent AI start-up akin to Microsoft’s alliance with OpenAI, the group behind ChatGPT.