NYTIMES (Cade Metz) - Amazon and Google Eat Into Nvidia’s A.I. Chip Supremacy
The rivals made billions of dollars in the business over the past year, showing other companies that Nvidia isn’t the only game in town.
The rivals made billions of dollars in the business over the past year, showing other companies that Nvidia isn’t the only game in town.
The company said on Wednesday that revenue in the most recent quarter was $81.3 billion, but its share price dropped more than 5 percent in after-hours trading.
The e-commerce giant has been cutting costs in part to redirect money into building data centers to compete in the race to dominate artificial intelligence.
Google is rolling out an updated "Mayors AI Playbook " with the U.S. Conference of Mayors at the group's Winter Meeting in Washington today, the company first told Axios. Why it matters: Cities are spending more on technology, but many lack the expertise to deploy AI safely and at scale. Whoever helps them cross that gap could lock in years of government contracts. The big picture: Google's first AI playbook for mayors was about awareness. Now, it's about action: a blueprint for implementing AI strategies at the local level. What they're saying: "…the most important step you can take now is to just start. Don't wait for the perfect moment, the opportunity is now," Tom Cochran, USCM CEO and executive director said in a statement. - "AI…