Amazon.com Inc. (NASDAQ:AMZN) is one of billionaire Daniel Sundheim’s stock picks with huge upside potential. On October 29, Amazon unveiled Project Rainier, a sprawling AI data center built on a 1,200-acre site near Lake Michigan. Powered by nearly 500,000 Trainium2 chips, the $11 billion cluster is already operational and training models for Anthropic, the startup behind Claude. Unlike other tech giants still in planning mode, Amazon’s facility is live, underscoring its ability to execute large-scale infrastructure projects quickly.
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As demand for AI compute surges, companies like Meta, Alphabet, and OpenAI are racing to build supercomputing hubs. OpenAI alone has committed to 33 gigawatts of new capacity, backed by major chipmakers and cloud providers. Amazon’s deep experience in logistics and strong ties with local governments have helped it move faster than most.
Anthropic, supported by Amazon, is tapping into the power of Project Rainier to develop and run its AI model, Claude. By year-end, the company plans to scale operations using over a million of Amazon’s Trainium2 chips through AWS. Amazon also confirmed that Rainier’s infrastructure will be used to support future iterations of Claude.
Amazon.com Inc. (NASDAQ:AMZN) is a technology company that offers a diverse range of services, including e-commerce, cloud computing, digital streaming, advertising, and artificial intelligence.
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Disclosure: None. This article is originally published at Insider Monkey.
