OpenAI Strikes Mega $38B Cloud Deal with Amazon Web Services
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OpenAI (PC:OPAIQ) has signed a new $38 billion agreement with Amazon Web Services ($AMZN) for cloud services over seven years. The deal will
1don MSN
OpenAI's recent swath of deals totals hundreds of billions, and Nvidia stands as major benefactor
OpenAI's (OPENAI) deals over the past month with the who's who of tech giants have swollen to hundreds of billions of dollars.
Most major stock indexes climbed on Monday following news that Amazon.com will supply cloud-computing services to OpenAI, and the dollar rose to a three-month high versus the euro due to waning expectations for hefty U.
Amazon ($AMZN) stock rose 4% on Monday, as investors cheered a $38 billion multi-year deal with OpenAI (PC:OPAIQ). Under this partnership, OpenAI
Wall Street is looking to keep up a rally that raged throughout October, when investors piled into growth and AI-linked names, with Big Tech and the "Magnificent Seven" leading market moves. Optimism around easing US-China trade tensions also fueled gains.