Summary
OpenAI has signed a $38 billion deal with Amazon for cloud computing services. This agreement will allow OpenAI to use Amazon's large computing power to help develop its artificial intelligence technologies.
Key Facts
- OpenAI signed a $38 billion contract with Amazon for cloud computing services.
- This deal allows OpenAI to access Nvidia graphics processors to enhance its AI development.
- The agreement is set for seven years.
- OpenAI made changes from being a non-profit to gain more financial independence.
- OpenAI has also announced deals worth over $1 trillion with companies like Oracle and Nvidia.
- CEO Sam Altman stated that large and reliable computing power is essential for developing advanced AI.
- After the deal was announced, Amazon’s stock value increased significantly.
- Some believe there might be an AI market bubble due to the high investments in AI.
