ChatGPT owner OpenAI has signed a $38 billion cloud computing deal with Amazon

OpenAI has signed a $38bn (£29bn) contract with Amazon for access to its cloud computing infrastructure while it continues to operate its major partnerships.

In 2025, the maker of ChatGPT signed deals worth more than $1 trillion with Oracle, Broadcom, AMD, and chipmaking giant Nvidia.

As part of the seven-year agreement, OpenAI will gain access to Nvidia graphics processors to train its AI models.

The deal follows a A comprehensive restructuring of OpenAI last week Which saw it transition from being a non-profit and changed its relationship with Microsoft to give OpenAI more operational and financial freedom.

“Scaling AI requires massive, reliable computing,” said Sam Altman, co-founder and CEO of OpenAI.

“Our partnership with AWS [Amazon Web Services] “It strengthens the vast computational ecosystem that will power this next era and bring advanced AI to everyone.”

The deal reflects the massive demand for computer power generated by growing interest in artificial intelligence.

After the deal was announced on Monday, Amazon shares reached an all-time high, adding $140bn (£106bn) to its valuation.

In response to the OpenAI deal spree, there has been some speculation that An AI bubble may be in the offing.

Speaking to the BBC last month, Sam Altman said: “Yes, venture loans are unprecedented,” but added: “It is also unprecedented for corporate revenues to grow so quickly.”