OpenAI signs $38B deal with Amazon
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OpenAI's $38 billion Amazon AWS deal gives it access to 'hundreds of thousands' of Nvidia GPUs
The AWS partnership is OpenAI's first major cloud computing deal since it struck a new agreement with Microsoft, which gave it more flexibility.
OpenAI and Amazon have signed a multi-year agreement worth $38 billion under which the ecommerce giant will provide the ChatGPT maker access to hundreds of thousands of Nvidia processors to train and run its artificial intelligence models.
Shares of technology companies rose amid more multibillion-dollar AI infrastructure deals. Amazon shares rallied after artificial-intelligence giant OpenAI agreed to pay the online megastore's cloud-computing unit $38 billion for computing power in a multiyear deal.
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Studio Ghibli Demands That OpenAI Stop Ripping Off Its Work
A group representing Studio Ghibli and other major Japanese publishers is drawing a line in the sand against OpenAI's copyright abuses.
Japanese content trade group CODA, whose members include Studio Ghibli, issued a letter to OpenAI demanding the AI company stop using their content to train Sora 2.
Burchardi, UBS global head of equities, joins 'The Exchange' to discuss the state of the AI trade, OpenAI's business and much more.
Wall Street is looking to keep up a rally that raged throughout October, when investors piled into growth and AI-linked names, with Big Tech and the "Magnificent Seven" leading market moves. Optimism around easing US-China trade tensions also fueled gains.