OpenAI Strikes Mega $38B Cloud Deal with Amazon Web Services
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Amazon’s $38B Cloud Coup With OpenAI Reignites Wall Street’s Hope For AWS: ‘Important Validation’
Amazon announced on Monday a seven-year deal to supply cloud computing capacity to the maker of ChatGPT. ・Retail investors and analysts say the deal is a major win for Amazon Cloud Services, which was previously seen as lagging behind its competitors.
Amazon’s $38 billion cloud partnership with OpenAI marks a major comeback for AWS, reinforcing its position in the global AI-driven cloud race.
A problem at Amazon’s cloud computing service disrupted internet use around the world. The outage on Monday took down a broad range of online services, including social media, gaming, food delivery, streaming and financial platforms.
Amazon.com Inc.’s cloud unit posted the strongest growth rate in almost three years, reassuring investors who were concerned that the largest seller of rented computing power was losing ground to rivals.