Foxconn and Nvidia are teaming up to build AI factories for self-driving cars, generative AI, and robotics. Microsoft is selling $1B in 365 cloud tools to Amazon. RE/MAX reports a 17% Y/Y decline in September home sales.
Foxconn and NVIDIA partner to build AI factories for self-driving cars, generative AI, and robotics platforms.
Microsoft seals a billion-dollar deal with Amazon, making Amazon a customer of its 365 cloud tools.
Deep dives
Foxconn and NVIDIA Partner to Build AI Factories
Foxconn and NVIDIA have partnered up to build artificial intelligence factories for a range of applications including self-driving cars. These AI factories will be used for training autonomous vehicles, language-based generative AI, and robotics platforms. Foxconn will utilize NVIDIA's latest chips and software, including the GH 200 super chip, to establish these data centers. The details on how these factories will differ from existing ones that use NVIDIA's technology have not been clarified.
Microsoft secures Billion-Dollar Deal with Amazon
Microsoft is set to add Amazon as a customer of its 365 cloud tools in a billion-dollar mega deal. Amazon, a competitor of Microsoft in web services, has committed to purchasing over one million licensed seats for the 365 suite and investing one billion dollars into the deal over five years. This agreement will shift Amazon to cloud-based tools for its corporate employees and frontline workers. Both companies have yet to respond to requests for comment on this development.
Foxconn (FXCOF), Nvidia (NVDA) tie up to build AI factories. (00:25) Microsoft (MSFT) said to sell $1B in 365 cloud tools to Amazon (AMZN): report. (01:18) RE/MAX says September home sales saw Y/Y decline of 17%. (02:11)
Episode transcripts seekingalpha.com/wsb. Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.