OpenAI, Amazon strike $38-billion deal for ChatGPT to use AWS

Amazon.com Inc. will supply OpenAI with cloud computing services under a multi-year $38-billion deal, giving the ChatGPT maker access to hundreds of thousands of Nvidia graphics processors to train and run its artificial intelligence models.

The agreement announced on Monday underscores the AI industry’s surging appetite for computing power, driven by the pursuit of technology capable of matching or surpassing human intelligence. It sent Amazon shares up 5% in premarket trading.