OpenAI signs $38bn computing deal with Amazon to boost AI infrastructure

OpenAI has signed a seven-year, $38bn deal with Amazon Web Services to expand its access to computing power for products like ChatGPT. The agreement allows OpenAI to immediately use AWS infrastructure and Nvidia GPUs to support its fast-growing AI systems.

Source Financial Times

CEO Sam Altman said he aims to add one gigawatt of new computing capacity each week by 2030 — roughly equivalent to the output of a nuclear power plant. Analysts, however, question whether the company can sustain such rapid growth given its $12bn loss last quarter.

The company recently completed a major restructuring, paving the way for an IPO and enabling investors to hold equity for the first time. Altman projects OpenAI’s annual revenue could reach $100bn by 2027, positioning the company as a leader in both consumer and enterprise AI cloud solutions.