OpenAI has struck a $38 billion agreement with Amazon Web Services (AWS) to secure cloud computing power from the tech giant, the ChatGPT maker announced Monday.

The multi-year deal will give the AI firm access to “hundreds of thousands of state-of-the-art" Nvidia chips, as the company seeks vast computing power to continue developing its AI models.

“Scaling frontier AI requires massive, reliable compute," OpenAI CEO Sam Altman said in a statement. “Our partnership with AWS strengthens the broad compute ecosystem that will power this next era and bring advanced AI to everyone.”

OpenAI is set to begin using AWS computing power immediately, with the Amazon cloud computing arm aiming to have all of the targeted capacity deployed before the end of 2026, it noted in a blog post.

“As OpenAI

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