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OpenAI Strikes Seven-Year, $38 Billion AWS Deal for Nvidia GPU Capacity

The pact underscores OpenAI’s shift to a multi‑cloud strategy following last week’s restructuring.

Overview

  • OpenAI will begin running workloads on AWS immediately with targeted capacity online by the end of 2026 and expansion optional in 2027 and beyond.
  • The agreement grants access to hundreds of thousands of Nvidia GPUs, including GB200 and GB300 accelerators hosted on AWS EC2 UltraServers.
  • Amazon shares rose roughly 5% after the announcement, with the stock hitting record highs on the day.
  • The deal follows the end of Microsoft’s first‑refusal rights on OpenAI’s cloud contracts, though OpenAI also reaffirmed a large Azure commitment including an additional $250 billion purchase.
  • Analysts highlight mounting AI infrastructure spending by hyperscalers and growing investor scrutiny of returns as large, long‑dated compute commitments accelerate.