Factbox-From OpenAI to Meta, firms channel billions into AI infrastructure as demand booms

OpenAI's $38 Billion Partnership with Amazon: A New Era for AIOpenAI, the creators of ChatGPT, have signed a groundbreaking deal with Amazon, worth $38 billion, to access hundreds of thousands of Nvidia processors via AWS cloud service. This collaboration aims to provide OpenAI with the necessary computing power to advance its AI systems. The deal is set to go live by the end of 2026, with room for expansion. This partnership, along with other recent multi-billion dollar deals, highlights the intense competition in the AI market, with companies like Meta, Tesla, Oracle, Microsoft, and Google also making significant investments in AI infrastructure. The implications of these investments are far-reaching, promising more advanced AI tools in our daily lives, but also raising concerns about the concentration of power in the hands of a few tech giants.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.