OpenAI signs $38B deal with Amazon
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OpenAI's $38 billion Amazon AWS deal gives it access to 'hundreds of thousands' of Nvidia GPUs
The AWS partnership is OpenAI's first major cloud computing deal since it struck a new agreement with Microsoft, which gave it more flexibility.
Amazon.com Inc.’s cloud unit posted the strongest growth rate in almost three years, reassuring investors who were concerned that the largest seller of rented computing power was losing ground to rivals.
Shares in Amazon soared about 11% to reach a new record high Friday after the firm reported its strongest cloud growth since 2022 – easing investor fears that industry giants have been overspending on AI.