Amazon.com Inc. is creating its own chip for artificial-intelligence tasks that could help power its various hardware pieces, according to a new report from The Information. The report, which cites a person familiar with Amazon’s plans, said that Amazon’s chip will be designed to help its voice-enabled products more efficiently handle tasks, “by allowing more data processing to be handled on the device than in the cloud.” Apple Inc. and Alphabet Inc. are also working on their own AI chips, the report said, in what could ultimately come to hurt traditional chip makers like Nvidia Corp. , whose graphics processing units have proven useful for AI tasks. Amazon shares are up 0.9% in Monday morning trading and 64% over the past 12 months. The S&P 500 Index has gained 14% in that time.
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