Reported about 6 hours ago
Amazon's recent $38 billion deal with OpenAI demonstrates its resurgence in the AI sector after a period of setbacks in the cloud computing market. Following a decline in market share to competitors like Microsoft and Google, Amazon is ramping up its AI investments, including the launch of an $11 billion AI data center. Analysts view this partnership with OpenAI as a critical step in revitalizing its cloud business, with expectations that it could significantly increase Amazon Web Services' backlog in the upcoming quarter.
Source: YAHOO