Amazon (NASDAQ:AMZN) reported strong third-quarter results on Thursday, with its cloud business AWS showing robust artificial intelligence (AI)-driven demand resulting in a 150% quarterly surge in Trainium chip usage.

Amazon's Project Rainier, with 500k Trainium2 chips, is live. BoA analyst expects $272 price. Rainier could add $6B to AWS revenue by 2026.

Just over a year after construction began, Amazon Web Services (AWS) has opened its giant data center near Lake Michigan in Indiana. The data center, which is part of AWS Project Rainier, covers 1,200 acres, or 4.86 square kilometers. This makes it one of the largest data centers in the world, CNBC reports.

Elitery, a leading managed service provider from Indonesia, through its Malaysian subsidiary Elitery Global Technology Sdn. Bhd. (Elitery Malaysia), in collaboration with Amazon Web Services (AWS) and several leading universities across Malaysia,