News Summary

• OpenAI has reached a deal with Amazon to buy $38 billion in cloud computing services over the next seven years.
• The ChatGPT-maker said it will immediately start using AWS compute, with all capacity targeted to be deployed before the end of 2026.
• The company has announced new data center buildouts with Oracle, SoftBank, the United Arab Emirates, and others.
• OpenAI has also secured deals with chipmakers Nvidia, AMD, and Broadcom.
• To some analysts, the increased investment form OpenAI and other tech giants signals that the industry is heading toward an AI bubble.