"This announcement comes just hours after Microsoft announced a $9.7 billion deal for AI cloud capacity with IREN, an Australian data center business. Earlier today, OpenAI announced that it had struck a $38 billion cloud computing deal with Amazon to buy cloud services over the next seven years. The AI company also allegedly inked a $300 billion deal with Oracle for cloud compute in September too."
"AWS reported it was on track for its best year, in terms of operating income, in three years in its third-quarter earnings results last week. This department of Amazon has collected $33 billion in sales so far this year. "AWS is growing at a pace we haven't seen since 2022, re-accelerating to 20.2% year-over-year," 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"
Lambda, backed by Nvidia, struck a multi-billion-dollar deal with Microsoft to deploy tens of thousands of Nvidia GPUs, including GB300 NVL72 systems that began shipping recently. Microsoft opened its first GB300 NVL72 cluster in October. Lambda was founded in 2012 and has raised $1.7 billion in venture capital, and is seeing strong demand for AI infrastructure and compute. The deal followed Microsoft's $9.7 billion AI cloud capacity agreement with IREN and sits alongside large cloud commitments by AI firms, including OpenAI's $38 billion Amazon deal and a reported $300 billion Oracle agreement. AWS reported $33 billion in year-to-date sales and accelerating AI-driven growth.
Read at TechCrunch
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