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OpenAI Secures $38 Billion Cloud Deal with Amazon

2/26/2026

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Story summary
  • OpenAI signed a $38 billion, seven-year cloud computing agreement with Amazon.
  • This follows OpenAI's prior reliance on Microsoft under a contract that limited computing power.
  • Microsoft allowed OpenAI to seek services from other providers, enabling the new partnership.
  • OpenAI is collaborating with Oracle and SoftBank to build data centers and has deals with Nvidia and AMD, while remaining unprofitable.