ChatGPT owner OpenAI signs $38bn cloud computing deal with Amazon
NOV 4 - OpenAI has signed a $38bn (£29bn) contract with Amazon to access its cloud computing infrastructure, as the start-up continues its run of major Kenya breaking news | Kenya news today |..
✨ Key Highlights
OpenAI, the company behind ChatGPT, has signed a significant $38 billion cloud computing deal with Amazon, further diversifying its computing power sources and reducing its reliance on Microsoft.
- The seven-year agreement provides OpenAI access to Nvidia graphics processors for training its artificial intelligence models.
- This deal follows a recent restructuring of OpenAI, giving it more operational and financial freedom from Microsoft.
- Amazon shares hit an all-time high after the announcement, adding $140 billion to its valuation.
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KCB Acquires Pesapal Stake; OpenAI Signs $38bn Deal; AVPA Launches Sh1.6bn Fund - November 2025
KCB Group PLC has signed an agreement to acquire a minority stake in payment service provider Pesapal Limited, an initiative aimed at boosting SMEs and digital growth across Africa. In another major deal, OpenAI, the company behind ChatGPT, has signed a significant $38 billion cloud computing deal with Amazon to diversify its computing power sources and reduce its reliance on Microsoft. Additionally, the Africa Venture Philanthropy Alliance (AVPA) has launched Africa’s first Catalytic Pooled Fund, valued at Sh1.6 billion, to boost investment in mental health. This fund was unveiled during AVPA’s 2025 Annual Conference in Nairobi and aims to unlock private capital for the underfunded sector.
