OpenAI (PC:OPAIQ) has signed a new $38 billion agreement with Amazon Web Services (AMZN) for cloud services over seven years. The deal will expand OpenAI’s computing capacity to support its rapidly growing AI products. It also fits into a broader strategy that includes major partnerships with Microsoft (MSFT), Oracle (ORCL), Nvidia (NVDA), and Advanced Micro Devices (AMD). Each of these collaborations has strengthened investor confidence and lifted the companies’ shares. Altogether, OpenAI’s contracts are estimated to be worth over $1 trillion over the next decade.
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The move marks a shift for OpenAI, which now works with several major cloud providers instead of only Microsoft. The company has said it needs massive capacity to run its models, train new systems, and serve millions of users at once. The AWS rollout begins right away and is expected to reach full use by the end of 2026.
A Growing List of Big Commitments
Including the AWS deal, OpenAI has committed to substantial spending across multiple areas. The Microsoft Azure deal is valued at about $250 billion, the Oracle partnership is near $300 billion, and the Nvidia and AMD agreements could total another $200 billion combined. When adding cloud and chip contracts, as well as funding linked to its global data centers, OpenAI’s total obligations rise past $1 trillion through 2035.
The company is now expected to raise enough funds and boost revenue to meet these costs. In 2025, OpenAI reported revenue of about $13 billion. To meet its multi-year contracts, it would likely need to generate between $80 billion and $100 billion in annual revenue by 2027 or 2028. That level would keep its commitments stable without relying only on new funding rounds.
A rough way to see this is through simple math. If OpenAI plans to spend $1 trillion over the next ten years, it would need an average of about $100 billion in yearly inflows. Current revenue is only about one-eighth of that amount. Even with steady growth, the gap is large, and it shows how dependent the company is on new investors and rising demand for its products.
Market Effects and Investor View
These figures matter for investors because they drive business for listed companies like Amazon, Microsoft, and Oracle. Each stands to earn long-term cloud income from OpenAI’s operations. Nvidia and AMD also gain from higher chip orders needed to train and run large models. Many analysts view these stocks as key suppliers to the AI economy.
Still, analysts also warn that the heavy spending across the sector may outpace near-term returns. If AI adoption slows or efficiency improves, the need for so much capacity could fall. That risk makes OpenAI’s growth plan both ambitious and uncertain.
In the end, OpenAI’s deals show how far the company is willing to go to stay ahead in the AI race. For now, the companies supplying its data centers and chips are the ones most likely to see the near-term benefit.
Using TipRanks’ Comparison Tool, we’ve compared some of the AI companies mentioned in this piece. It’s a useful way for investors to gain a comprehensive examination of each stock and the AI industry as a whole.
