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OpenAI Signs $38 Billion Cloud Deal with Amazon

4/12/2026

Summary

Story summary

OpenAI has signed a $38 billion agreement with Amazon for cloud computing services over the next seven years.
This deal follows OpenAI's previous reliance on Microsoft, which was limited by a contract that has since been renegotiated.
OpenAI is also collaborating with Oracle and SoftBank to build new data centers and has secured additional deals with chipmakers Nvidia, AMD, and Broadcom.
Despite generating billions in revenue, OpenAI remains unprofitable while competing with major tech firms investing heavily in artificial intelligence.

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Story summary

OpenAI has signed a $38 billion agreement with Amazon for cloud computing services over the next seven years.
This deal follows OpenAI's previous reliance on Microsoft, which was limited by a contract that has since been renegotiated.
OpenAI is also collaborating with Oracle and SoftBank to build new data centers and has secured additional deals with chipmakers Nvidia, AMD, and Broadcom.
Despite generating billions in revenue, OpenAI remains unprofitable while competing with major tech firms investing heavily in artificial intelligence.