"The Amazon Web Services CEO Matt Garman said in an interview with CNBC Television published Wednesday that the company feels "quite good" about its massive AI investments, despite rising fears that the AI boom could become a bubble. "Others may have maybe more speculative investments," Garman said in the interview recorded on October 17. "We're very intentional about how we think about leveraging risk and thinking about how we have the long-term view of what this business looks like.""
"Project Rainier, one of the largest AI data centers in the world, is dedicated to training and running models from Anthropic, one of Amazon's key AI partners and a rival to OpenAI. More than 500,000 AWS Tranium 2 chips have already been deployed at the data center, which is fully operational and scheduled to double in scale by year-end, Garman said."
Amazon is investing heavily in AI infrastructure, activating Project Rainier, an $11 billion data center in Indiana dedicated to training and running Anthropic models. More than 500,000 AWS Tranium 2 chips have been deployed, and the facility is fully operational and scheduled to double in scale by year-end. AWS invested nearly $100 billion in capital expenditures over the past year building infrastructure. Amazon is reallocating resources toward its biggest bets while cutting 14,000 corporate jobs to reduce management layers and move faster. The company frames these moves as a long-term, intentional strategy to leverage risk and scale AI capabilities.
Read at Business Insider
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