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OpenAI Strikes $38 Billion Cloud Deal with Amazon

2/15/2026

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Summary

Story summary

OpenAI has signed a $38 billion, seven-year cloud computing agreement with Amazon.
The deal follows OpenAI's reliance on Microsoft for computing power, which was limited by a contract.
Microsoft recently allowed OpenAI to use services from other providers.
OpenAI is collaborating with Oracle and others to build data centers, and remains unprofitable despite billions in revenue as the tech industry commits $360 billion in AI capital expenditures.

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Story summary

OpenAI has signed a $38 billion, seven-year cloud computing agreement with Amazon.
The deal follows OpenAI's reliance on Microsoft for computing power, which was limited by a contract.
Microsoft recently allowed OpenAI to use services from other providers.
OpenAI is collaborating with Oracle and others to build data centers, and remains unprofitable despite billions in revenue as the tech industry commits $360 billion in AI capital expenditures.