Amazon attempts to lure AI researchers with $110M in grants and credits
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Amazon is offering $110 million in grants and credits to attract AI researchers, as competition among cloud vendors for AI chip development intensifies. Google's Trillium and Microsoft's Maia are also entering the AI chip market.
November 12, 2024 | 2:15 pm
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Amazon is investing $110 million in grants and credits to attract AI researchers, positioning itself competitively in the AI chip market against Google and Microsoft.
Amazon's significant investment in AI research through grants and credits is likely to enhance its competitive edge in the AI chip market, potentially leading to increased innovation and market share. This move is a strategic response to similar initiatives by Google and Microsoft, indicating a positive short-term impact on Amazon's stock.
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