ChatGPT owner OpenAI signs $38bn cloud computing deal with Amazon

OpenAI's Game-Changing Move: A $38 Billion Deal with Amazon and a Trillion-Dollar Pact with Tech GiantsIn a groundbreaking move, OpenAI has secured a multi-billion dollar contract with Amazon, granting access to their cloud computing power for advanced AI systems like ChatGPT. This comes after a series of deals worth over one trillion dollars with other tech giants, including Oracle, Broadcom, AMD, and Nvidia, to ensure ultra-fast graphics chips and computing power for cutting-edge AI research. OpenAI's shift from a non-profit to a more flexible partnership with Microsoft has facilitated these moves, aiming to scale up frontier AI and build the next level of artificial intelligence products. The Amazon deal alone boosted the company's value by $140 billion, highlighting the significance of cloud computing and AI partnerships in today's tech world. However, some experts raise concerns about a potential AI bubble, but OpenAI's founder, Sam Altman, remains confident in the industry's rapid growth and the company's next chapter. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.