Amazon (NASDAQ:AMZN) stock rose 5.4% Monday after the company’s cloud division AWS announced a multi-year strategic partnership with OpenAI valued at $38 billion.

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.

The rapid advancement of AI technology has created unprecedented demand for computing power,” Amazon said in a statement Monday. It said OpenAI “will immediately start util ...

US stocks rose Monday morning as October's momentum carried into the first trading day of November, with Big Tech names like Amazon (AMZN) and Nvidia (NVDA) again leading the way higher. Still, ...

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 surged. Amazon Web Services will provide the ChatGPT maker ...

OpenAI has inked a massive $38 billion deal with Amazon to power its AI on AWS, securing access to a vast number of Nvidia chips. This strategic move ...

Cipher Mining signed a $5.5 billion, 15-year lease with AWS to provide AI infrastructure, bringing total hosting contracts to $8.5 billion.

The New York company also revealed plans to develop a 1-gigawatt site in West Texas, alongside its earnings on Monday. Cipher is expected to provide the majority of the financing for the site, named ...

OpenAI and Amazon.com have reached a $38 billion agreement for Amazon Web Services to provide infrastructure for the ChatGPT ...

Amazon Web Services (AWS) and OpenAI announced on Monday a multi-year, strategic partnership that provides AWS’s ...