LONDON (ShareCast) - (Sharecast News) - Amazon shares shot higher on Monday after it announced a multi-year strategic partnership that provides Amazon Web Services' infrastructure to run and scale OpenAI's core artificial intelligence (AI) workloads.
Under the new $38bn agreement, OpenAI will access AWS compute, which comprises hundreds of thousands of Nvidia graphics processing units (GPUs), with the ability to expand to tens of millions of CPUs.

Amazon said OpenAI will immediately start using AWS compute as part of the partnership, with all capacity targeted to be deployed before the end of next year and the ability to expand further into 2027 and beyond.

OpenAI co-founder and chief executive Sam Altman said: "Scaling frontier AI requires massive, reliable compute.

"Our partnership with AWS strengthens the broad compute ecosystem that will power this next era and bring advanced AI to everyone."

AWS CEO Matt Garman said: "As OpenAI continues to push the boundaries of what's possible, AWS's best-in-class infrastructure will serve as a backbone for their AI ambitions.

"The breadth and immediate availability of optimised compute demonstrates why AWS is uniquely positioned to support OpenAI's vast AI workloads."

At 1550 GMT, Amazon shares were up 3.7% at $255.54.

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