OpenAI bets $38B on Amazon's cloud to power ChatGPT and the future of AGI

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ZDNET's key takeaways

• OpenAI has teamed up with AWS to power its efforts to build AGI.
• The deal is valued at $38 billion.
• Amazon shares reportedly hit an all-time high following the news.

OpenAI has entered into a multi-year strategic partnership with Amazon Web Services, enabling it to tap into the cloud services provider's infrastructure and compute resources as it ramps up its efforts to build artificial general intelligence (AGI).

Valued at $38 billion, the deal will go into effect "immediately," according to a Monday blog post from AWS, and is expected to scale up over the next seven years. 

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The partnership, announced less than a week after OpenAI finalized its structural transition into a nonprofit with a subsidiary for-profit ...