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OpenAI has signed a deal to buy $38 billion worth of capacity from Amazon Web Services, its first contract with the leader in cloud infrastructure and the latest sign that the $500 billion artificial intelligence startup is no longer reliant on Microsoft .

Under the agreement announced on Monday, OpenAI will immediately begin running workloads on AWS infrastructure, tapping hundreds of thousands of Nvidia's graphics processing units (GPUs) in the U.S., with plans to expand capacity in the coming years.

Amazon stock closed 4% higher on Monday, a record closing high for the stock. The e-commerce giant is up 14% over the last two trading days, the best two-day period since Nov 2022.

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