Amazon Just Landed a $38 Billion OpenAI Deal
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“AWS is growing at a pace we haven’t seen since 2022, re-accelerating to 20.2% YoY,” Andy Jassy, the president and CEO of Amazon, said in the company’s earnings announcement. “We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity — adding more than 3.8 gigawatts in the past 12 months.”
Amazon’s $38 billion cloud partnership with OpenAI marks a major comeback for AWS, reinforcing its position in the global AI-driven cloud race.
SAN FRANCISCO (Reuters) -Amazon cut at least hundreds of jobs in its Amazon Web Services cloud computing unit on Thursday, two sources said, just a month after CEO Andy Jassy warned that adoption of generative AI tools would trigger a workforce reduction.
Amazon Web Services (AMZN) plans to build a trans-Atlantic subsea fiber optic cable system to help address the rising demand for cloud computing and artificial intelligence.
Amazon said its cloud computing service was recovering from a major outage that disrupted online activity around the world.
Amazon's cloud computing service provides back-end support to many companies that operate online. When it has problems, so do they.
Several users on Wednesday reported issues accessing Amazon Web Services (AWS), according to outage tracker Downdetector. The platform showed a spike in complaints, suggesting possible service disruptions affecting multiple regions.
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Amazon Web Services says issue that caused outage 'mitigated'
A major Amazon Web Services (AWS) outage early Monday disrupted major platforms including Snapchat, Roblox, Robinhood, and Coinbase.