Amazon Inks New AI Partnership: AMZN Set for October Surge?
Amid the growing demand for artificial intelligence products, Amazon (AMZN) has inked a new AI partnership. Indeed, the massive e-commerce company has signed a new five-year agreement with Databricks, a privately owned cloud-based intelligence company that develops AI solutions. The move will see Amazon increase its AI development. Specifically, the move is key to increasing the capabilities of the company’s language models as it looks to become an even bigger player in the space. The increased interest in the technology has defined stock market trends, with AMZN now looking to capitalize. Source: The Economic Times Also Read: US Stocks: Amazon Emerges As The Next Best Share, May Hit $224 Soon Amazon and Databricks Sign Five-Year Deal as AMZN Looks to Grow AI Presence Over the last several years, interest in AI has reached unprecedented levels. Thanks to the meteoric rise of OpenAI’s ChatGPT and other competitors, demand is surging. Moreover, the stock market has seen compan...