Amazon.com Inc.’s cloud unit has signed a $38 billion deal to supply a slice of OpenAI’s bottomless demand for computing power. Amazon shares jumped.

The ChatGPT maker will pay Amazon Web Services for access to hundreds of thousands of Nvidia Corp. graphics processing units as part of a seven-year deal, the companies announced on Monday. ×

This page requires Javascript.

Javascript is required for you to be able to read premium content. Please enable it in your browser settings. kAm%96 2CC2?86>6?E :D E96 =2E6DE :?5:42E:@? @7 ~A6?px’D EC2?D:E:@? 7C@> C6D62C49 =23 E@ 2? 2CE:7:4:2= :?E6==:86?46 A@H6C9@FD6 E92E 92D C6D92A65 E96 E649?@=@8J :?5FDECJ] %96 4@>A2?J 92D 4@>>:EE65 E@ DA6?5:?8 S`]c EC:==:@? @? :?7C2DECF4EFC6 E@ 3F:=5 2?5 A@H6C :ED px >@56=D[ 2? F?AC64656?E65 3:?86 E92E 92D AC@>

See Full Page