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Amazon Just Landed a $38 Billion OpenAI Deal

Amazon Stock Jumps on $38 Billion OpenAI Deal. What We Know.

Amazon Stock Jumps on $38 Billion OpenAI Deal. What We Know. OpenAI and Amazon.com have reached a $38 billion agreement for Amazon Web Services to provide infrastructure for the ChatGPT maker’s artificial-intelligence workloads. The partnership will begin immediately and covers the next seven years, Amazon announced Monday.

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Amazon stock jumps 5% after OpenAI announces $38 billion AWS partnership

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S&P 500 Gains & Losses Today: Amazon Stock Jumps After OpenAI Deal; Kimberly-Clark Acquires Kenvue

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Heard on the Street Recap: Amazon Gets a Piece

Amazon's shares jumped 4% after the tech giant landed a $38 billion deal with OpenAI.

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OpenAI, Amazon Sign $38 Billion Cloud Deal

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OpenAI strikes $38bn computing deal with Amazon

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OpenAI turns to Amazon in $38 billion cloud services deal after restructuring

The agreement announced on Monday underscores the AI industry's surging appetite for computing power, driven by the pursuit of technology capable of matching or surpassing human intelligence.

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OpenAI Signs $38 Billion Cloud Computing Deal With Amazon

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OpenAI Signs $38 Billion Deal With Amazon

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Amazon Stock Got an OpenAI Boost. Why a Press Release Has Become a Market-Moving Event.

On Monday, Amazon’s announcement of a $38 billion agreement for Amazon Web Services to provide infrastructure for OpenAI’s artificial intelligence workloads sent Amazon stock up about 5% to a new all-time high.

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OpenAI CEO Sam Altman Just Delivered Fantastic News to Amazon Investors

When it comes to artificial intelligence (AI), perhaps no one commands more attention than Sam Altman, the CEO of ChatGPT maker OpenAI. On Nov. 3, OpenAI announced a headline-grabbing $38 billion partnership with e-commerce and cloud titan Amazon ( AMZN 1.81%).

Stock market today: Dow slips, Nasdaq pops as Amazon's OpenAI deal boosts AI bets

Throughout recent earnings reports, "Magnificent Seven" stocks Amazon, Alphabet ( GOOG ), Microsoft ( MSFT ), and Meta ( META) have signaled that they expect nearly $405 billion in capital expenditures this year — much of which will go toward AI — according to Barron's.