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    The Indian Eye
             TECH EYE                                                                  AUGUST 21, 2026                                      41

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                                                                    TECH EYE

              Amazon Joins $3 Trillion Club   Meta Releases Open-Source AI Model

                              Amid AI Rally                                             enlo Park, CA: Meta has

                                                                                        released a new open-source
                 eattle, WA: Amazon has crossed                                 Martificial  intelligence  mod-
                 the $3 trillion market capital-                                el, Muse Glimmer, designed to run
            Sisation  mark  for  the  first  time,                              directly on personal computers and
            becoming only the fifth publicly listed                             other consumer hardware, marking
            company to achieve the milestone.                                   a  significant  push  towards  making
            The surge follows a strong quarterly                                advanced AI accessible beyond large   every task to a remote cloud service.
            earnings report that exceeded market                                cloud-based data centres.             The launch is part of Meta CEO
            expectations and reinforced investor                                    The 30-billion-parameter model   Mark Zuckerberg’s broader push
            confidence  in  the  company’s  aggres-  ductors and cloud infrastructure. Chief   is designed for agentic tasks, includ-  for open-weight AI. In a new essay,
            sive  investments  in  artificial  intelli-  Executive Officer Andy Jassy said de-  ing coding, reasoning and complet-  Zuckerberg argued that advanced ar-
            gence (AI) and cloud computing.   mand for AI services remains excep-  ing multi-step activities. Unlike many   tificial intelligence should not be con-
                The company’s shares climbed   tionally strong and is expected to con-  advanced AI systems that depend   trolled exclusively by a small number
            nearly 5% to a record high. The ral-  tinue for years, even as the company   heavily on cloud computing, Muse   of companies or governments. He
            ly was largely fuelled by the robust   works to address capacity constraints.  Glimmer has been developed to op-  also criticised restrictions that he
            performance  of Amazon Web Ser-       The  milestone  places  Amazon   erate locally on a consumer-grade   believes could limit the ability of US
            vices (AWS), which recorded its fast-  alongside an elite group of technolo-  computer or a single graphics pro-  developers to compete with rapidly
            est growth in more than four years.   gy giants that have surpassed the $3   cessing  unit,  potentially reducing   advancing Chinese AI companies.
            Strong demand for AI infrastructure   trillion valuation threshold, includ-  dependence on external servers and   Meta has also announced plans
            and cloud services  has positioned   ing Microsoft, Apple, Alphabet and   associated computing costs.  to release the weights of Muse Spark
            AWS as a key driver of Amazon’s fu-  Nvidia. The achievement also lifted   Meta said the model is intended   1.2, described as its most advanced
            ture growth strategy.             broader technology stocks, reflecting   for applications where AI agents can   AI model yet. The move represents
                Following the earnings announce-  renewed optimism around AI-led   work continuously on a user’s device.   a renewed attempt by Meta to
            ment, Amazon also increased its pro-  growth across the sector.     Local processing could also offer ad-  strengthen its position in the increas-
            jected capital expenditure for 2026   Market analysts believe investors   vantages such as lower latency and   ingly competitive open-AI ecosystem,
            from $200 billion to $220 billion, sig-  are increasingly rewarding companies   greater control over data, particu-  where companies are competing with
            nalling its commitment to expanding   that continue investing aggressively in   larly for developers and businesses   closed systems developed by firms in-
            AI capabilities, data centres, semicon-  AI despite rising capital expenditure.  seeking to deploy AI without sending   cluding OpenAI and Anthropic.

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