OpenAI and Amazon sign $38 billion deal for AI computing power
undefined 4, 2025
OpenAI signed a $38 billion deal with Amazon to run its AI systems on Amazon Web Services using hundreds of thousands of Nvidia chips. The move follows OpenAI’s revised partnership with Microsoft and approval to shift to a for-profit structure. Amazon shares rose 4% after the announcement. OpenAI, facing surging demand for computing power, plans to deploy all capacity by 2026. Despite concerns over its heavy spending, CEO Sam Altman insists revenue growth justifies the investment.
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