Amazon Inks $38 Billion Deal With OpenAI for Nvidia Chips (2)

Amazon.com Inc.’s cloud unit has signed a $38 billion deal to supply a slice of OpenAI’s bottomless demand for computing power. Amazon shares jumped.

The ChatGPT maker will pay Amazon Web Services for access to hundreds of thousands of Nvidia Corp. graphics processing units as part of a seven-year deal, the companies announced on Monday.

The arrangement is the latest indication of OpenAI’s transition from research lab to an artificial intelligence powerhouse that has reshaped the technology industry. The company has committed to spending $1.4 trillion on infrastructure to build and power its AI models, an unprecedented binge ...