Amazon intention to invest in chip design firm ARM highlights the potential for both companies to profit from generative AI. The global generative AI market is expected to exceed $1.3 trillion by 2032.
Amazon is in talks with ARM to become an anchor investor in its IPO, people familiar with the matter said. In the 12 months to the end of June this year, Amazon spent $82.7 billion on research and development and $58.6 billion on capital expenditures
Amazon is in talks with ARM to become an anchor investor in its IPO, people familiar with the matter said. In the 12 months to the end of June this year, Amazon spent $82.7 billion on research and development and $58.6 billion on capital expenditures