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The company, which makes the computer chips essential to the artificial intelligence boom, also said revenue in its recent quarter rose to $57 billion.
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Amazon has announced it is investing $2.75 billion in OpenAI rival Anthropic, bringing its total investment in the AI startup to $4 billion, as initially announced. In September last year, Amazon had invested an initial tranche of $1.25 billion.
As part of this partnership, Anthropic will use Amazon Web Services (AWS) as its main cloud provider for key operations, including safety research and the development of foundational models. Anthropic will also use AWS Trainium and Inferentia chips for building, training, and deploying future models.
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Bitcoin, the largest digital asset, extended its decline Saturday, and has now shed more than 50% from its record high in November.
Bitcoin's decline since hitting the record has wiped out more than $600 billion in market value, and over $1 trillion has been lost from the aggregate crypto market. While there have been much larger percentage drawdowns for both Bitcoin and the aggregate market, this marks the second-largest ever decline in dollar terms for both, according to Bespoke Investment Group.
With the Fed's intentions rocking both cryptocurrencies and stocks, a dominant theme
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