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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE (AAPL)
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Amazon said to be creating AI chip

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02/12/2018 | 09:16pm EST

Mubasher:Amazon.com Inc. is said to be creating an artificial intelligence (AI) chip with the aim of supporting its various hardware pieces, The Information website reported on Monday, citing an informed source as saying.

The new chip will support Amazon’s voice-enabled products to handle tasks more efficiently, the source told The Information, indicating that the AI chip will allow “more data processing to be handled on the device than in the cloud."

On the same note, Apple Inc. and Alphabet Inc. are reportedly working on creating similar chips of their own.

Such moves may “hurt” traditional chip makers like Nvidia Corp, whose graphics processing units have proven useful for AI tasks, the report showed.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET -0.42% 1073.6011 Delayed Quote.3.22%
APPLE -0.23% 152.83 Delayed Quote.-2.81%
NVIDIA CORPORATION 1.00% 150.2247 Delayed Quote.11.44%
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Financials ($)
Sales 2019 260 B
EBIT 2019 65 496 M
Net income 2019 55 489 M
Finance 2019 100 B
Yield 2019 2,01%
P/E ratio 2019 12,77
P/E ratio 2020 11,40
EV / Sales 2019 2,41x
EV / Sales 2020 2,36x
Capitalization 727 B
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Number of Analysts 41
Average target price 179 $
Spread / Average Target 17%
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NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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APPLE-2.81%727 470
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