Amazon.com has surpassed two trillion dollars in market value for the first time in afternoon trading on Wednesday.
The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit three trillion dollars and briefly became the most valuable company on Wall Street. Most of the company’s focus has been on business-focused products, including AI models and a chatbot called Q, which Amazon makes available to businesses that use its cloud computing unit AWS.
In April, Amazon CEO Andy Jassy said that AI capabilities have re-accelerated AWS’ growth and that it was on pace for 100 billion dollars in annual revenue.The tech giant has also invested four billion dollars in the San Francisco-based AI company Anthropic to develop so-called foundation models that underpin the generative AI systems.Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Amazon crosses two trillion dollars in stock market value for the first timeAmazon has also been making big investments in AI as global interest has grown in the technology.
Herkunft: Observer_Owl - 🏆 18. / 72 Weiterlesen »