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AWS investment in Ohio for cloud computing and AI expansion
AI

AWS Boosts Investment in Ohio to $10 Billion for Cloud and AI Growth

Amazon Web Services (AWS) is increasing its investment in Ohio to $10 billion to meet the rising demand for cloud computing and AI. This marks a notable increase from the previously announced $7.8 ...

AI ModelsAmazon Nova AI models announcement at AWS re:Invent 2023

Amazon Unveils New Nova AI Models at AWS re:Invent 2023

Amazon has introduced its Nova AI models, part of the Amazon Bedrock library, including Nova Micro, Lite, Pro, and the upcoming Premier by 2025. These models support understanding, content generati...

AIAmazon CEO Andy Jassy discusses AWS and AI capacity needs.

Amazon CEO Andy Jassy: Expanding AWS Capacity for AI

In the Q2 2024 earnings call, Amazon CEO Andy Jassy stated that the company is investing heavily in AI and seeks additional AWS capacity to meet the surging demand. He emphasized the multi-billion ...

AI boomGraph showing AWS revenue growth due to AI market demand

AWS Revenue Surges 19% Amid AI Boom, But Amazon Stock Takes Hit

Amazon Web Services (AWS) reported $26.3 billion in net sales, a 19% increase, reflecting the rise in demand for AI solutions. However, Amazon's stock is impacted by lower-than-expected revenues an...