OpenAI's $38B cloud deal with Amazon takes ChatGPT maker
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Spectro Cloud, a Goldman Sachs–backed (NASDAQ:GS) startup valued at about $750 million, announced on Tuesday that it entered a strategic partnership with Nvidia (NASDAQ:NVDA) to address one of the biggest challenges in artificial intelligence: approximately 70% of computing power that often sits unused.
CoreWeave (NASDAQ: CRWV) has been one of 2025's most successful IPOs, with the stock tripling over its launch price when it went public in late March. That's an impressive run, but CoreWeave is also more than 30% off its all-time high, making investors wonder if now is a good time to buy.
Amazon announced a multi-year $38 billion deal with OpenAI that would allow the ChatGPT developer to access hundreds of thousands of Nvidia's AI chips through its cloud computing infrastructure.
Nvidia partners with South Korea’s government and tech giants to supply 260,000+ GPUs, fueling the nation’s $10B push to become an AI superpower.
Microsoft has secured new computing power capacity with a $9.7 billion deal with IREN as big tech races to expand data center capacity across the U.S. Under the five-year agreement, Microsoft will gain access to IREN’s Nvidia GB300 chips,