Amazon signs a $38 billion agreement with OpenAI to provide computing power support with NVIDIA chips

OpenAI has agreed to pay Amazon $38 billion for computing services in a 7-year deal, marking the first collaboration between the AI startup and the cloud computing giant.

Amazon expects that all computing capacity will be available for OpenAI by the end of next year, allowing OpenAI to quickly access high-performance chips from Nvidia deployed in Amazon's data centers. Compared to contracts OpenAI has signed with other cloud giants, the scale of this deal is relatively small, but the partnership is of significant strategic importance for Amazon, representing a key first step in its efforts to benefit from the "AI computing power battle." To date, OpenAI has signed nearly $600 billion in new cloud service agreements with Oracle, Microsoft, and Amazon. Earlier this year, OpenAI also reached a cloud collaboration agreement with Google, although the specific amount has not been disclosed. OpenAI's projected revenue for this year is $13 billion.