Amazon's Jassy touts custom AI chips, NVIDIA stock dips pre-open
At last check, NVIDIA stock was down 0.5% to $866.03. NVIDIA stock is down 10.6% from its March high but remains up 75.6% year-to-date and 215.6% from last year.In the letter, Jassy said that while they continue to offer Nvidia chips, he touted Amazon's custom AI chips amid supply issues and price performance.
"To date, virtually all the leading FMs have been trained on Nvidia chips, and we continue to offer the broadest collection of Nvidia instances of any provider," Jassy commented in the letter."That said, supply has been scarce and cost remains an issue as customers scale their models and applications. Customers have asked us to push the envelope on price-performance for AI chips, just as we have with Graviton for generalized CPU chips.
At the base of the GenAI stack, developers and companies focus on building foundation models , supported by compute power and software tools. Nvidia chips dominate but efforts to improve price-performance include custom AI chips like Trainium and Inferentia. Amazon SageMaker simplifies model development. In the middle layer, Amazon Bedrock provides a managed service for leveraging FMs and cloud features.
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