Amazon challenges competitors with on-premises Nvidia ‘AI Factories’

Amazon Web Services (AWS) is currently hosting its major tech conference, re:Invent 2025, where it is unveiling significant advancements in AI services and computing technologies. The event highlights AWS's ongoing commitment to innovation in the tech sector.

AWS's re:Invent 2025 kicked off with a significant keynote by CEO Matt Garman, highlighting the immediate availability of three long-lived autonomous agents, marking a pivotal moment in AI development. The event showcased a surge of announcements, reflecting AWS's commitment to innovation in artificial intelligence and cloud computing.

Bending Spoons has agreed to acquire Eventbrite for $500 million, a significant reduction from the $1.76 billion valuation the events marketplace achieved during its 2018 IPO. This acquisition reflects Bending Spoons' strategy to revitalize struggling brands in the tech sector.

Kalshi has successfully raised $1 billion in funding, achieving an impressive valuation of $11 billion, just two months after a previous $300 million round valued the company at $5 billion. This funding round was led by prominent investors Sequoia and CapitalG, reflecting strong market confidence in Kalshi's growth potential.

AWS has launched Nova Forge, a new platform that enables businesses to develop custom AI models using their own data while leveraging the foundational capabilities of existing models. This initiative marks a significant step in AWS's commitment to advancing AI technology for enterprises.

Google is currently testing a new feature that merges AI Overviews with its AI Mode, aimed at enhancing the transition from traditional search to AI-driven chat interactions. This global test reflects the company's ongoing efforts to innovate its search capabilities by integrating advanced AI functionalities.

Amazon unveiled new AI chips and models during its AWS Re:Invent conference, showcasing advancements in artificial intelligence technology. This launch is part of Amazon's ongoing efforts to enhance its cloud services and AI capabilities, aiming to meet growing demand in the tech industry.

Sanjay Bhakta, the chief product and technology officer at Condé Nast, announced the company's intention to leverage Amazon's 'out-of-the-box' capabilities as they transition from on-premises solutions to cloud-based services during an interview on Bloomberg Tech with Ed Ludlow.