BusinessPostCorner.com
No Result
View All Result
Thursday, July 16, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

ChatGPT owner OpenAI signs $38bn cloud computing deal with Amazon

November 3, 2025
in Business
Reading Time: 2 mins read
A A
0
ChatGPT owner OpenAI signs bn cloud computing deal with Amazon
ShareShareShareShareShare

OpenAI has signed a $38bn (£29bn) contract with Amazon to access its cloud computing infrastructure as it continues its run of major partnerships.

In 2025, the ChatGPT maker has signed deals worth more than $1tn with Oracle, Broadcom, AMD and chip-making giant Nvidia.

As part of the seven-year agreement, OpenAI will gain access to Nvidia graphics processors to train its artificial intelligence models.

The deal follows a sweeping restructure of OpenAI last week which saw it convert away from being a non-profit and changed its relationship with Microsoft to give OpenAI more operational and financial freedom.

“Scaling frontier AI requires massive, reliable compute,” said OpenAI co-founder and CEO Sam Altman.

“Our partnership with AWS [Amazon Web Services] strengthens the broad compute ecosystem that will power this next era and bring advanced AI to everyone.”

The deal reflects the massive demand for computer power coming from the growing interest in AI.

Following the announcement of the deal on Monday, Amazon shares hit an all-time high, adding $140bn (£106bn) to its valuation.

In response to OpenAI’s deal spree, there has been some speculation that an AI bubble may be in the offing.

Speaking to the BBC last month, Sam Altman said: “Yes, the investment loans are unprecedented”, but added: “It’s also unprecedented for companies to be growing revenue this fast.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

Trump battles tiny toymaker over tariffs in landmark Supreme Court case

Next Post

The exact amount of money you need to earn to be among New York’s ultra-wealthy club has been revealed—and it’s 7x the average wage

Next Post
The exact amount of money you need to earn to be among New York’s ultra-wealthy club has been revealed—and it’s 7x the average wage

The exact amount of money you need to earn to be among New York's ultra-wealthy club has been revealed—and it's 7x the average wage

EasyJet agrees in principle to rival £5.7bn takeover bid from US company

EasyJet agrees in principle to rival £5.7bn takeover bid from US company

July 10, 2026
The ‘Soccer Capital of America’ is now gunning for the Soccer Capital of the World (Cup)

The ‘Soccer Capital of America’ is now gunning for the Soccer Capital of the World (Cup)

July 11, 2026
Xbox layoffs: What’s next for the video game giant?

Xbox layoffs: What’s next for the video game giant?

July 15, 2026

Aer Lingus: Airline proposes to cut 500 jobs under cost cutting plan

July 16, 2026
British Steel taken into public ownership to protect ‘vital’ UK supply

British Steel taken into public ownership to protect ‘vital’ UK supply

July 16, 2026
As AI replaces search, all roads lead to authority

As AI replaces search, all roads lead to authority

July 15, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

‘We absolutely screwed up’: Vance blames Bondi for the miscommunication around the Epstein files

‘We absolutely screwed up’: Vance blames Bondi for the miscommunication around the Epstein files

July 16, 2026
Elon Musk Grok AI Predicts Incredible Netflix Stock Price by Next 30 Days

Elon Musk Grok AI Predicts Incredible Netflix Stock Price by Next 30 Days

July 16, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!