Amazon Web Services will provide infrastructure for OpenAI's artificial-intelligence workloads. ...

Mackenzie Sagalos with some news on the AI arms race. Hey Mac. >> Hey Carl.So OpenAI has signed a $ 38 billion infrastructure deal with Amazon Web Services, marking its first contract with the cloud leader and the clearest sign yet that it's no longer relying solely on Microsoft for compute. Now under the agreement, OpenAI will immediately start running workloads on AWS, tapping hundreds of thousands of NVIDIA GPUs across US data centers. It'll begin with existing capacity, then expand over time with AWS pl ...

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“…there are multiple ‘known, unknowns’ (known events, unknown outcomes). Among them include the Federal Open Market Committee (FOMC) meeting…trade talks between President Trump and Chinese President Xi Jinping…Finally, we move into the teeth of earnings season this week, with mega-cap tech heavyweights such as Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), Apple (AAPL) and Amazon (AMZN) due to report…We cannot forecast the outcomes or the reactions to these events, but we focus instead on the SPX ...

Core Insights - OpenAI has entered into a multi-year partnership with Amazon valued at $38 billion, marking its first significant cloud computing deal since a recent agreement with Microsoft [1] - The partnership will enable OpenAI to utilize Amazon's AWS to run and scale its core artificial intelligence workloads starting immediately, with expectations for continued growth over the next seven years [1] - Following the announcement, Amazon's shares experienced an increase of over 5% in pre-market trading [1]

JUST IN: Amazon $AMZN announces $38 billion partnership deal with OpenAI. https://t.co/Tmz35wSEBE ...

Core Viewpoint - Amazon's stock price increased by 5% in pre-market trading following the announcement of a $38 billion agreement with OpenAI to supply NVIDIA chips [1] Group 1 - Amazon has signed a significant agreement worth $38 billion with OpenAI [1] - The partnership involves the supply of NVIDIA chips, indicating a strategic move towards enhancing AI capabilities [1]

Core Insights - The Federal Trade Commission (FTC) has sued Amazon, alleging deceptive practices related to Prime subscriptions and complicated cancellation processes [2] - Amazon's stock has increased by 9.6% in a single day, prompting a reassessment of its performance compared to competitors [2] - Amazon's operating margin is 11.4%, which is lower than most competitors, particularly Microsoft at 46.3% [6] Revenue Growth Comparison - Amazon's revenue growth over the last 12 months is 10.9%, which surpasses competitors like Apple, Walmart, Alibaba, and Wayfair, but lags behind Microsoft [6] Stock Performance - Amazon's stock has risen by 31.0% over the past year and is currently trading at a price-to-earnings (PE) ratio of 36.8, although competitors like Alibaba and Wayfair have delivered better returns [6] Investment Strategy - The Trefis High Quality Portfolio, which includes 30 stocks, has historically outperformed its benchmark indices, indicating a smoother investment experience with superior returns and reduced risk [7]

Amazon’s cloud unit has signed a $38 billion deal to supply a slice of OpenAI’s bottomless demand for computing power https://t.co/9jTzenHqg0 ...

Core Insights - OpenAI and Amazon Web Services (AWS) have entered into a significant partnership valued at $38 billion, enabling OpenAI to run and scale its AI workloads on AWS's cloud infrastructure [1] Group 1: Partnership Details - The partnership is designed to enhance OpenAI's capabilities in managing and expanding its AI operations [1] - This collaboration signifies a major investment in cloud computing resources, reflecting the growing demand for AI technologies [1] Group 2: Implications for the Industry - The deal highlights the increasing integration of AI solutions within cloud services, positioning AWS as a key player in the AI landscape [1] - This partnership may lead to further advancements in AI applications and services, potentially influencing market dynamics and competition among cloud providers [1]