Quick Read The $700 billion cloud backlog highlights AI’s unstoppable momentum, creating opportunities for supply chain leaders like Super Micro Computer (SMCI), Arista Networks (ANET), and Taiwan ...
Amazon.com Inc.’s cloud unit has signed a $38 billion deal to supply a slice of OpenAI’s bottomless demand for computing power. Amazon shares jumped.
OpenAI has signed a seven-year, $38 billion deal to buy cloud services from Amazon.com, in its first big push to power its AI ...
Sam Altman, CEO of OpenAI said the company is committed to spending $1.4 trillion to develop 30 gigawatts of computing resources.
OpenAI will begin using Amazon Web Services immediately, with all planned capacity set to come online by the end of 2026 and room to expand further in 2027 and beyond.
Amazon (AMZN) stock rallied to record highs on Monday, after announcing a $38 billion cloud deal with ChatGPT creator OpenAI.