Amazon Shares Surge on Record US$38 Billion OpenAI Cloud Deal
Summary: Amazon has signed a seven-year, US$38 billion (A$58.1 billion) agreement with OpenAI, granting the ChatGPT maker access to massive computing power through Amazon Web Services (AWS). The deal, one of the largest in the AI sector to date, sent Amazon shares to a record high, underscoring the surging demand for advanced cloud infrastructure to […]
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