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Nvidia Stock Drops. What Amazon's New Chips Mean for the AI Leader. [Yahoo! Finance]
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Nvidia stock was falling Wednesday, pushed down by the threat of competition from Amazon.com new AI hardware. Nvidia's competition is Amazon's new Trainium 3 AI chips, which the e-commerce company launched for customers on Tuesday. Although Amazon said its chips can reduce the cost of training and operating AI models by up to 50% compared with systems that use equivalent graphics processing units, which are Nvidia's specialty, the two companies still appear on relatively friendly terms.
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