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  • 3 months ago
OpenAI has inked a multi-year deal with Amazon Web Services valued at US$38 billion. The agreement spans seven years and gives OpenAI access to hundreds of thousands of Amazon processors to train and run its AI models, including ChatGPT. Amazon’s market value hit an all-time high on Monday following the news.

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00:00OpenAI has signed a US$38 billion deal to purchase cloud services from Amazon.
00:06The agreement spans seven years and gives OpenAI access to hundreds of thousands of
00:10Amazon processors to train and run its AI models, including ChatGPT.
00:16It follows recent OpenAI deals with Oracle, NVIDIA and Broadcom.
00:20This latest partnership comes as big tech companies race to build AI infrastructure
00:25as some analysts warn of a potential bubble.
00:28France market value was up US$140 billion on Monday, hitting an all-time high.
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