Amazon Web Services to close Shanghai AI lab amid US-China tech tensions

Amazon Web Services to close Shanghai AI lab amid US-China tech tensions

Amazon Web Services (AWS) has joined its US peers Microsoft and IBM in downsizing artificial intelligence research activities in mainland China amid ongoing geopolitical tensions. The company has decided to close its seven-year-old AI Shanghai Lablet due to “China-US strategic realignment”, according to Wang Minjie, the facility’s chief applied scientist, in an announcement posted on…

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It's Not Nvidia or Microsoft)

It’s Not Nvidia or Microsoft)

Nvidia is currently the most valuable company in the world with a market capitalization of nearly $4 trillion. While Microsoft trails Nvidia by a small margin, both companies are facing rising competition in their core businesses — making future growth less predictable. Amazon is still in the early phases of integrating artificial intelligence (AI) across…

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Chinese tech giants race to expand AI services market with latest open-standard protocol

Chinese tech giants race to expand AI services market with latest open-standard protocol

Major Chinese technology companies are racing to launch services based on the open model context protocol (MCP), which enables Manus-like artificial intelligence (AI) agents to connect with third-party online tools, data sources and systems – a trend that could expand the commercial adoption of such applications. Alipay operator Ant Group – the fintech affiliate of…

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IonQ Launches Forte Enterprise Quantum System Globally Through Amazon Braket

IonQ Launches Forte Enterprise Quantum System Globally Through Amazon Braket

IonQ (IONQ, Financials) made its Forte Enterprise quantum computer globally available through Amazon Braket, a managed quantum service from Amazon Web Services, and IonQ’s own cloud infrastructure, the company said in a statement. The Forte Enterprise system, which provides AQ36 algorithmic qubit performance, is IonQ’s latest commercial-ready quantum offering and is aimed at enabling the…

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Amazon Shares Plunge as Cloud Growth Slows and Q1 Revenue Forecast Misses

Amazon Shares Plunge as Cloud Growth Slows and Q1 Revenue Forecast Misses

Amazon.com (AMZN, Financial) shares plunged sharply in extended trading on Thursday following weaker-than-expected growth in its cloud computing division and a disappointing Q1 revenue forecast. The stock fell up to 5% in after-hours tradingerasing nearly $90 billion in market valuebefore settling at a 4.2% drop. CFO Brian Olsavsky said capital expenditures for 2025 will remain…

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