Inside Amazon.com's chip lab in Austin, Texas, half a dozen engineers on a Friday afternoon put a closely guarded new server design through its paces. The server was packed with Amazon's artificial intelligence chips that compete with those from market leader Nvidia, Amazon executive Rami Sinno said on Friday, during a visit to the lab. Amazon is developing its own processors to limit its reliance on costly Nvidia chips - the so-called Nvidia tax - that power some of the artificial intelligence cloud business at its Amazon Web Services, the main growth driver...

Shares of Warner Bros. Discovery (WBD) are falling after the NBA rejected its matching offer to maintain the rights to broadcast and stream games after next season. The NBA said the offer "did not match the terms" of Amazon's (AMZN) proposal. Jared Blikre and Seana Smith report more on the story and what the loss means for the outlook of Warner Bros. Discovery. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl...

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