Amazon Just Landed a $38 Billion OpenAI Deal
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Verizon announced a deal with Amazon Web Services on Monday to build high-capacity fiber routes connecting AWS data centers, aiming to strengthen infrastructure for the next generation of artificial intelligence applications.
AWS outage reports spiked again for the cloud service yesterday (October 29) after a mass outage last week. But this time, AWS was quick to dispute these reports with us.
Here’s hoow AWS, Microsoft Azure and Google Cloud fared during the third-quarter 2025 in terms of cloud revenue, cloud sales growth, operating income and parent company revenue.
The news comes less than a week after the ChatGPT developer revised the terms of its relationship with Microsoft Corp. The tech giant was OpenAI’s sole cloud provider for about two years. Under the modified partnership, Microsoft no longer has the right of first refusal on OpenAI cloud contracts.
Verizon Business today announced a new Verizon AI Connect deal with Amazon Web Services (AWS) to provide the resilient high-capacity, low-latency network infrastructure essential for the next wave of artificial intelligence (AI) innovation.
Andy Jassy explains Amazon’s 14,000 layoffs, buying Nvidia chips, upcoming Trainium3 AI chips, AWS capacity and sales growth, and its Bedrock AI agent platform.
Fastnet is the first cable that Amazon is building on its own. The company backed multiple subsea internet projects in the past, but it developed them as part of consortiums. One of those cables, the Bifrost optical link that connects the U.S. and Singapore, came online last month.
Partners with AWS to build fiber network connecting data centers for AI applications, expanding existing collaboration as AI demand grows.
Overall, Amazon's revenue rose by 13% year over year to $180.2 billion, which came in above the $177.8 billion analyst consensus, as compiled by LSEG. Earnings per share climbed 36% to $1.95, which easily surpassed analyst expectations of $1.57.
The outage prevented advertisers from accessing the Microsoft Advertising console, but its ad serving was not affected.
“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.”