Capital One is reportedly exploring alternatives to Amazon Web Services. This change will help the US banking major manage rising expenses associated with its artificial intelligence (AI), a report claims. According to an internal Nvidia document obtained by Business Insider, the bank is concerned about its cloud-computing relationship with Amazon and is “looking to control costs.”In an internal memo, the Nvidia employee revealed that the bank expects demand for specialised chips and reasoning models to increase significantly. The employee also noted in an internal email that Capital One believes “the costs in AWS will soon get out of hand,” leading the financial institution to discuss different infrastructure options with Nvidia representatives at a recent tech conference.
In a statement to Business Insider, a Capital One spokesperson denied the claims and wrote: “We continue to be committed to AWS as our…