OpenAI (PC:OPAIQ) has signed a new $38 billion agreement with Amazon Web Services ($AMZN) for cloud services over seven years. The deal will

Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) jumped 4.9% in the afternoon session after the company announced a landmark $38 billion, multi-year cloud services agreement with OpenAI,

OpenAI (OPENAI) said on Monday that it has signed a deal with Amazon (AMZN) Web Services worth $38B to help supply it with “hundreds of thousands” of Nvidia's (NVDA) GPUs. Read for more.

Amazon ($AMZN) stock rose 4% on Monday, as investors cheered a $38 billion multi-year deal with OpenAI (PC:OPAIQ). Under this partnership, OpenAI

Asian stocks rose on Monday as investors weighed last week's megacap earnings showing significant spending on artificial intelligence, while the dollar held near a three-month high after hawkish comments from Federal Reserve policymakers.

Investing.com-- U.S. stock index futures were little changed on Monday evening after a mixed close on Wall Street, with gains in the S&P 500 and Nasdaq lifted by renewed enthusiasm around artificial intelligence and upbeat corporate news.

The most recent deal, announced this morning, was with Amazon Web Services (AMZN). As part of the seven-year, $38B agreement, OpenAI will get access to AWS for hundreds of thousands of Nvidia's GPUs, with the ability to expand to "tens of millions" of CPUs ...

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.