Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Amazon's cloud service shows new AI servers, says Apple will use its chips

Published 2024-12-03, 11:56 a/m
© Reuters. FILE PHOTO: An Amazon Web Services (AWS) logo is pictured during a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024.  REUTERS/Annegret Hilse/File Photo
AAPL
-
AMZN
-
NVDA
-

By Stephen Nellis and Greg Bensinger

LAS VEGAS (Reuters) - Amazon.com (NASDAQ:AMZN)'s cloud unit on Tuesday showed new data center servers packed with its own AI chips that will challenge Nvidia (NASDAQ:NVDA), with Apple (NASDAQ:AAPL) coming aboard as a customer to use them.

The new servers, based on 64 of Amazon Web Services' Trainium2 chips, will be strung together in a massive supercomputer with hundreds of thousands of chips, with the help AI startup Anthropic, which will be the first to use it. Apple executive Benoit Dupin also said that Apple is using Trainium2 chips.

With more than 70% market share, Nvidia dominates the sale of AI chips, and traditional chip industry rivals such as Advanced Micro Devices (NASDAQ:AMD) are rushing to catch up.

But some of Nvidia's most formidable competitors are also its customers: Meta (NASDAQ:META) Platforms, Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL)'s Google all have their own custom AI chips. While Meta's chip powers internal operations, Amazon and Google use their chips internally but also market them to paying customers.

AWS Chief Executive Matt Garman also said that Trainium3, the company's next generation of AI chip, will debut next year.

The new offerings "are purpose-built for the demanding workloads of cutting edge generative AI training and inference," said Garman at the event in Las Vegas on Tuesday.

The new servers, which AWS calls Trn2 UltraServers, will compete against Nvidia's flagship server packing 72 of its latest "Blackwell" chips. Both companies also offer proprietary technology for connecting the chips, though Gadi Hutt, who leads business development for the AI chips at AWS, said that AWS will be able to connect a greater number of chips together than Nvidia.

"We think with Trainium2, (customers) get more compute than what's available from Nvidia today, and they will be able to save cost," Hutt told Reuters in an interview, adding that some AI models can be trained at 40% lower cost than on Nvidia chips.

AWS executives said the new servers and huge supercomputer would come online next year but did not give a specific date. Both AWS and Nvidia are rushing to get their flagship offerings to market amid booming demand, though Nvidia shipments have been limited by supply chain constraints.

© Reuters. FILE PHOTO: A logo for Amazon Web Services (AWS) is seen during the Amazon Web Services (AWS) Summit in Paris, France, April 3, 2024. REUTERS/Benoit Tessier/File Photo

Both Nvidia and AWS use Taiwan Semiconductor Manufacturing to manufacture their chips.

"From a supply standpoint, we are in a pretty good shape across all of the supply chain," Hutt told Reuters. "When we do the systems, the only item that we cannot dual source is the Trainium chips."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.