08:49 AM EDT, 10/15/2024 (MT Newswires) -- Amazon.com ( AMZN ) struck a five-year deal with Databricks that could help businesses cut costs as they develop their own artificial intelligence capabilities, The Wall Street Journal reported Tuesday.

Databricks will utilize Amazon's ( AMZN ) Trainium AI chips to fuel a service helping companies tailor an AI model or build their own, according to the report.

Amazon ( AMZN ) and Databricks did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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