Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
Morgan Stanley has cut its bear (worst-case) forecast on Tesla's stock from $97 to just $10, citing concerns about the company's increased debt load and geopolitical exposure.Autosread more
Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts expectations, despite a damp start to the spring in much of the U.S.Retailread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
Alphabet Inc's Google said Tuesday that keeping phones up to date and secure was in "everyone's best interests," shortly after the U.S. temporarily eased some trade...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
Amazon's cloud business is developing its own computer chips for artificial intelligence projects.
Amazon Web Services said on Wednesday at its AWS Re:Invent user conference in Las Vegas that its new Inferentia chips will provide A.I. researchers "high performance at low cost." It's the latest example of a giant provider of cloud services building next-generation processors.
Among providers of public cloud services, Amazon is following Google into the chip market. Google announced its first Tensor Processing Unit, or TPU, in 2016. Alibaba, a public cloud provider that's popular in China, has also announced an AI chip.
AWS is by far the leader in public cloud infrastructure, which companies can rely on to remotely run software and store data. Microsoft, Google, IBM are competing with AWS for business as companies move their workloads from traditional data centers to the cloud.
The Inferentia chips will become available in late 2019. Like with other AWS services, customers will be able to pay based on how much they use.
There are two common phases in AI — training models by feeding them lots of data, and then showing them new data that they can then use to run predictions. Since 2016 Google has introduced new TPU chips that compete with Nvidia for training AI models. Inferentia is focused only on inference for now.
Amazon said that some inference workloads require an entire graphics processing unit, which is expensive. "Solving this challenge at low cost requires a dedicated inference chip," the company said.
Earlier this week AWS announced ARM-based chips that represent an alternative to traditional computing processors from chipmakers like Intel. Those are more focused on low-cost, energy-efficient computing workloads. The new Inferentia silicon is specialized for AI.
AWS said customers will be able to use Inferentia with TensorFlow AI software (created by Google), as well as other AI frameworks like PyTorch and the ONNX format for converting models.