President Joe Biden and Japanese Prime Minister, PM, Fumio Kishida have enlisted Amazon (AMZN) and Nvidia (NVDA) to fund a new joint artificial intelligence research program, Justin Sink and Yoshiaki Nohara of Bloomberg says. Nvidia, Amazon, Arm Holdings (ARM), and Microsoft (MSFT), along with a group of Japanese companies, will provide $110M for AI research partnerships between the University of Washington in Seattle and Tsukuba University outside Tokyo as well as partnerships between Carnegie Mellon University in Pittsburgh and Tokyo’s Keio University, Kishida and Biden said in a joint statement.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Amazon’s Shareholder Letter Offers In-Depth Financial Insight
- From $179 to $10, Can Rivian Stock (NASDAQ:RIVN) Make a Comeback?
- Top Analyst Sets Expectations for Amazon Stock Ahead of Earnings
- Amazon (NASDAQ:AMZN) Slips as Alexa Development Loses Incentive
- YouTube debuts Shopping Collections helping creators to curate