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Amazon enters AI arms race as crypto and risk asset fears mount, launched "Trainium 3," a new AI chip that rivals Nvidia's hardware, promising a fourfold increase in training speed. The pivot to AI comes with risks, including heavy borrowing and concerns about sustainability, with potential shortfalls if demand for AI slows.

Amazon enters AI arms race as crypto and risk asset fears mount, launched "Trainium 3," a new AI chip that rivals Nvidia's hardware, promising a fourfold increase in training speed. The pivot to AI comes with risks, including heavy borrowing and concerns about sustainability, with potential shortfalls if demand for AI slows.
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