OpenAI signed a $38 billion deal with Amazon Web Services, diversifying its cloud computing resources beyond Microsoft with access to hundreds of thousands of Nvidia GPUs through 2026. The seven-year ...

OpenAI has signed a seven-year, $38 billion agreement with Amazon Web Services, adding another hyperscaler alongside Microsoft Azure for its growing AI compute needs.

Sam Altman, CEO of OpenAI said the company is committed to spending $1.4 trillion to develop 30 gigawatts of computing resources.

The deal makes Microsoft IREN’s largest customer, with $1.94 billion in annualized revenue expected over the next five years.

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