Amazon (AMZN) announced two new AI chips on Tuesday developed in partnership with Nvidia (NVDA): the Graviton4 and Trainium2, developed to power the AWS platform and large language models respectively Additionally, Amazon unveiled Q, a business-focused chatbot to enhance productivity via task tracking and information lookup capabilities. However, as Yahoo Finance Tech Editor Dan Howley discusses, its functionality strongly mirrors Microsoft’s (MSFT) existing Copilot. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
While shoppers spent a record $12.4 billion on Cyber Monday alone, the Cyber Week retail event racked up a total of $38 billion in consumer spending. Yahoo Finance Retail Reporter Brooke DiPalma details the e-commerce platforms and buy now, pay later companies — such as Amazon (AMZN) and Affirm (AFRM) — that benefitted the most this holiday shopping season as consumers navigate online scams while checking out items on their wish list. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Cyber Week — the five-day period between Thanksgiving and Cyber Monday — brought a windfall of $38 billion.