Reported about 9 hours ago
Amazon's stock rose about 5% following the announcement of a $38 billion agreement with OpenAI, enabling the AI developer to access hundreds of thousands of Nvidia chips via Amazon's cloud services. As part of this partnership, OpenAI will utilize Nvidia's GPUs housed in Amazon's AI servers, with plans to scale operations by the end of 2026. This deal adds to OpenAI's ongoing collaborations in the tech sector but raises concerns about potential market bubbles and sustainability due to its surging operational costs.
Source: YAHOO