Amazon deal still dwarfed by $250B Azure commitment made as part of OpenAI's for-profit transformation OpenAI has signed a seven-year, $38 billion agreement with Amazon Web Services, adding another hyperscaler alongside Microsoft Azure for its growing AI compute needs.

Microsoft said Monday it will be shipping Nvidia 's most advanced artificial intelligence chips to the United Arab Emirates as part of a deal approved by the U.S. Commerce Department.

Shares of IREN surged about 18 per cent in premarket trading after the announcement, with the company also entering into an agreement with Dell Technologies to purchase the chips and ancillary equipme...