“AWS is growing at a pace we haven’t seen since 2022, re-accelerating to 20.2% YoY,” Andy Jassy, the president and CEO of Amazon, said in the company’s earnings announcement. “We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity — adding more than 3.8 gigawatts in the past 12 months.”

To meet this demand, OpenAI and Amazon Web Services (AWS) have entered a multi-year partnership which could reshape how AI tools are built and deployed. The collaboration, valued at $38 billion, gives OpenAI access to AWS’s vast infrastructure to run and scale its most advanced artificial intelligence workloads.

Shares of Amazon.com Inc. (NASDAQ:AMZN) surged more than 11% in early trading Friday after the tech giant reported better-than-expected third-quarter results, fueled by renewed growth in its Amazon Web Services (AWS) division and soaring demand for artificial intelligence (AI) infrastructure.