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OpenAI, Amazon Strike $38 billion Agreement for ChatGPT Maker to Use AWS

The ChatGPT app icon on a smartphone in this illustration taken October 27, 2025. REUTERS/Dado Ruvic/Illustration
The ChatGPT app icon on a smartphone in this illustration taken October 27, 2025. REUTERS/Dado Ruvic/Illustration
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OpenAI, Amazon Strike $38 billion Agreement for ChatGPT Maker to Use AWS

The ChatGPT app icon on a smartphone in this illustration taken October 27, 2025. REUTERS/Dado Ruvic/Illustration
The ChatGPT app icon on a smartphone in this illustration taken October 27, 2025. REUTERS/Dado Ruvic/Illustration

Amazon.com will supply OpenAI with cloud computing services under a multi-year $38 billion deal, giving the ChatGPT maker access to hundreds of thousands of Nvidia graphics processors to train and run its artificial intelligence models.

The agreement announced on Monday underscores the AI industry's surging appetite for computing power, driven by the pursuit of technology capable of matching or surpassing human intelligence. It sent Amazon shares up 5% in premarket trading.

OpenAI will begin using Amazon Web Services immediately, with all planned capacity set to come online by the end of 2026 and room to expand further in 2027 and beyond, Reuters reported.

The deal is among the first major moves by OpenAI since it completed a restructuring last week that frees the ChatGPT maker to move away from its nonprofit roots. Reuters has reported it was laying the groundwork for an initial public offering that could value the company at up to $1 trillion.

But surging valuations of AI companies and their massive spending commitments, which total more than $1 trillion for OpenAI, have raised fears that the AI boom is inflating into a bubble.

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Technology

Huawei Posts 2.2% Growth in Annual Revenue

FILE PHOTO: A sign of Huawei is displayed at the company's booth at the expo of the World Internet Conference in Wuzhen town of Tongxiang city, Zhejiang province, China November 8, 2025. REUTERS/Tingshu Wang/File Photo
FILE PHOTO: A sign of Huawei is displayed at the company's booth at the expo of the World Internet Conference in Wuzhen town of Tongxiang city, Zhejiang province, China November 8, 2025. REUTERS/Tingshu Wang/File Photo
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Huawei Posts 2.2% Growth in Annual Revenue

FILE PHOTO: A sign of Huawei is displayed at the company's booth at the expo of the World Internet Conference in Wuzhen town of Tongxiang city, Zhejiang province, China November 8, 2025. REUTERS/Tingshu Wang/File Photo
FILE PHOTO: A sign of Huawei is displayed at the company's booth at the expo of the World Internet Conference in Wuzhen town of Tongxiang city, Zhejiang province, China November 8, 2025. REUTERS/Tingshu Wang/File Photo

China's Huawei Technologies reported on Tuesday 2.2% growth in 2025 revenue, as its core businesses of infrastructure network and consumer devices reported modest growth, while its cloud computing operation saw a revenue decline.

The Shenzhen-based company posted 2025 sales revenue of 880.9 billion yuan ($127.5 billion), up 2.2% from a year earlier, marking a sharp slowdown from 22.4% growth recorded in 2024.

The 2025 result marks Huawei's second-highest annual revenue, trailing a record 891 billion yuan sales achieved in 2020.

Huawei's smartphone ⁠business had suffered ⁠a dramatic decline after US sanctions restricted access to advanced chips and Google's Android operating system, driving its total revenue down 29% in 2021. Last year was the fourth consecutive year of growth since that trough.

Revenue from the consumer unit, which includes smartphones and other digital devices, ⁠rose 1.6% to 344.5 billion yuan, while its information and communication technology infrastructure segment — the largest revenue contributor — posted 2.6% growth in sales to 375 billion yuan, Huawei said in a statement.

Huawei said over 36 million devices ran on its homegrown HarmonyOS by the end of last year, Reuters reported.

Its smaller yet important cloud computing business reported a 3.5% drop in revenue, while intelligent automotive solutions unit, which helps traditional automakers develop smart vehicles, saw a revenue surge of ⁠72.1% to ⁠45 billion yuan.

Huawei continued to allocate significant resources to research and development to mitigate the effects of ongoing US sanctions.

R&D spending surged to 192.3 billion yuan in 2025, representing 22% of its annual revenue, as the company invested heavily in software, chips and manufacturing tools to reduce reliance on restricted US technology.

In a statement, chairwoman Meng Wanzhou, daughter of Huawei founder Ren Zhengfei, said the company is navigating a future "full of uncertainty," and pledged that Huawei would continue cultivating its developer ecosystem.

Technology

Meta Says Testing Subscription Tier for Instagram

(FILES) This picture taken in Istanbul on August 2, 2024, shows the logo of the social network Instagram on a smartphone. (Photo by Yasin AKGUL / AFP)
(FILES) This picture taken in Istanbul on August 2, 2024, shows the logo of the social network Instagram on a smartphone. (Photo by Yasin AKGUL / AFP)
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Meta Says Testing Subscription Tier for Instagram

(FILES) This picture taken in Istanbul on August 2, 2024, shows the logo of the social network Instagram on a smartphone. (Photo by Yasin AKGUL / AFP)
(FILES) This picture taken in Istanbul on August 2, 2024, shows the logo of the social network Instagram on a smartphone. (Photo by Yasin AKGUL / AFP)

Instagram is testing a pay tier that offers features including letting subscribers discretely view "Story" posts that normally vanish after 24 hours, Meta told AFP on Monday, confirming a report by news website TechCrunch.

Paying users will also get more control over which accounts are permitted to see photos or videos they share in Story posts on the popular social network.

The new tier is being tested in "a few countries worldwide," a spokesperson said, without providing further details.

According to TechCrunch, they include Japan, Mexico and the Philippines, with subscription prices hovering around $2 per month.

Meta launched ad-free, paid versions of Facebook and Instagram in the United Kingdom last year to comply with legislation there.

Social media platforms Snapchat and X have offered paid premium version for several years.

Snapchat's parent company Snap recently reported having more than 25 million subscribers to its premium tier and being on pace for $1 billion in annual revenue.

Content creators at Instagram already have the ability to charge fans for access to exclusive content.

Technology

Microsoft Plans $1 Billion Investment in Thailand

FILE - A Microsoft sign and logo are displayed at the company's headquarters April 4, 2025, in Redmond, Wash. (AP Photo/Jason Redmond, File)
FILE - A Microsoft sign and logo are displayed at the company's headquarters April 4, 2025, in Redmond, Wash. (AP Photo/Jason Redmond, File)
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Microsoft Plans $1 Billion Investment in Thailand

FILE - A Microsoft sign and logo are displayed at the company's headquarters April 4, 2025, in Redmond, Wash. (AP Photo/Jason Redmond, File)
FILE - A Microsoft sign and logo are displayed at the company's headquarters April 4, 2025, in Redmond, Wash. (AP Photo/Jason Redmond, File)

Microsoft plans to invest $1 billion in Thailand over the next two years in cloud services and AI infrastructure, ⁠the Thai government ⁠said in a statement.

The investment includes developing digital ⁠skills of the Thai workforce, the statement said.

The announcement follows a number of data center investments to support AI, as Southeast ⁠Asia's ⁠second-largest economy looks to speed up projects involving data centers, electronics, and power generation.