OpenAI Signs $38B Cloud Deal With Amazon To Power AI Expansion

Benzinga

OpenAI signed a $38 billion multiyear deal with Amazon to access Nvidia GPUs through AWS data centers, supporting AI model training and ChatGPT operations. The partnership follows similar multibillion-dollar agreements with Oracle and Microsoft. Amazon shares rose 5% after the announcement.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02OpenAI signed a $38 billion multi-year deal with Amazon for computing power,

00:06marking their first partnership, according to the Wall Street Journal.

00:09The agreement will give OpenAI access to NVIDIA's GPUs,

00:12housing Amazon's data centers by late 2026,

00:15and support AI model trading and chat GPT queries on Amazon Web Services.

00:19Seven-year PAC follows OpenAI's recent $300 billion deal with Oracle

00:23and $250 billion Microsoft,

00:26as it seeks to secure vast computing capacity for AI expansion.

00:30Amazon said AWS cloud revenue rose 20% last quarter

00:33and shares climbed 5% Monday following the announcement.

00:35For all things money, visit Benzinga.com.

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