Big News for AI as Intel Teams Up With Amazon Web Services

artificial intelligence hand
©Shutterstock.com

Leading computer chip developer Intel has partnered with Amazon Web Services (AWS), the e-commerce giant‘s cloud computing division, to provide hardware for artificial intelligence training, according to a release issued by Intel.

Buy Today: 16 Tech Stocks You Need To Buy Now (Spoiler Alert: None of Them Are Apple)

Those interested in tech sector stocks will want to keep an eye on the personal computer processing pioneer, Intel (Nasdaq:INTC), which closed up 0.69% on Wednesday evening. Not exactly record gains, but potentially a good long-term investment thanks to its advancements in AI training through Habana. Intel acquired Habana in 2019, and the Gaudi accelerators have positioned Intel to compete with AI learning technology developed by competitor Nvidia (Nasdaq:NVDA).

Watch Out: 13 Types of Technology That Could Take Your Job

In an announcement at AWS: re:Invent 2020, AWS said it will deploy eight Habana Gaudi accelerators in its Elastic Compute Cloud (EC2) virtual servers. The technology will deliver up to 40% better price performance than current graphics processing unit-based EC2 instances.

Learn More: Here’s How Much Amazon Has Invested in Acquiring Other Companies

The Gaudi accelerators’ capabilities when it comes to managing machine learning workloads could bring unprecedented advances in artificial intelligence. Yes, AI training could get even better, meaning smarter machines and more relevant results in applications using AI tech. The implications could extend across online shopping, human resource management, research, healthcare, and countless other industries.

Save for Your Future
Sponsors of

Look Back: If You Invested $5,000 in These Stocks During the Crash in March, You’d Be Rich

“Cloud providers today are broadly using the built-in AI performance of our Intel® Xeon® processors to tackle AI inference workloads,” said Remi El-Ouazzane, chief strategy officer of Intel’s Data Platforms Group. “With Habana, we can now also help them reduce the cost of training AI models at scale, providing a compelling, competitive alternative in this high-growth market opportunity.”

More From GOBankingRates

About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.

Big News for AI as Intel Teams Up With Amazon Web Services
Close popup

Win $500 – and Start the New Year Right!

When you sign-up to receive bi-weekly email updates from GOBankingRates, you’ll automatically be entered for a chance to win our $500 #BestBanksBestYou sweepstakes. Sign up now!

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For official contest rules, please go to: gobankingrates.com/best-banks/official-rules/