AssetID: 55241319
Headline: UNCAPTIONED: OpenAI Signs $38 Billion Cloud Deal With Amazon, Easing Reliance on Microsoft
Caption: OpenAI Signs $38 Billion Cloud Deal With Amazon, Easing Reliance on Microsoft. OpenAI has struck a massive $38 billion deal with Amazon, securing long-term access to AWS cloud computing and Nvidia processors to train its next-generation AI models. The seven-year partnership marks OpenAI's first major move away from Microsoft, its longtime cloud backer and comes after the company's recent restructure that gave it more operational and financial freedom. CEO Sam Altman said scaling frontier AI demands "massive, reliable compute," and that the new deal strengthens the ecosystem powering the next era of artificial intelligence. The agreement adds to OpenAI's more than $1 trillion in partnerships signed this year with Oracle, Broadcom, AMD, and Nvidia. Analysts say it underscores OpenAI's race to lock in as much computing power as possible. Despite its rapid growth, OpenAI remains unprofitable, reportedly losing $12 billion last quarter as it spends heavily to stay ahead in the AI race. Following Monday's announcement, Amazon's shares hit an all-time high, adding about $140 billion to its market value. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,OpenAI,Amazon,$38 billion cloud deal,AWS,Nvidia processors,AI model training,Microsoft reliance,Sam Altman,frontier AI,computing power,Oracle,Broadcom,AMD,partnerships,unprofitable,$12 billion loss,Amazon stock surge
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