OpenAI turns to Amazon in $38B cloud services deal
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Spectro Cloud, a Goldman Sachs–backed (NASDAQ:GS) startup valued at about $750 million, announced on Tuesday that it entered a strategic partnership with Nvidia (NASDAQ:NVDA) to address one of the biggest challenges in artificial intelligence: approximately 70% of computing power that often sits unused.
Shares of quantum computing pure-play stocks IonQ, Rigetti Computing, and D-Wave Quantum have catapulted higher by as much as 3,060% over the trailing year. On paper, quantum computers offer intriguing real-world utility, with one forecast expecting this technology to add $1 trillion in global economic value by 2035.
Recent discussions between U.S. and UK leadership have focused on strengthening cooperation in artificial intelligence, quantum computing, and nuclear energy to support ongoing global innovation in technology.
Amazon.com Inc.’s cloud unit posted the strongest growth rate in almost three years, reassuring investors who were concerned that the largest seller of rented computing power was losing ground to rivals.
CoreWeave attempted to buy the crypto mining company for its data centers. Crypto miner Core Scientific terminated a $9 billion deal yesterday for its sale to AI cloud-computing company CoreWeave. After months of investor and proxy campaigns battling the agreement, shareholders voted against the proposal.
Fleet Mining, a global cloud computing platform specializing in blockchain infrastructure, announced updates to its service portfolio for 2025, including expanded support for Litecoin (LTC), Bitcoin (BTC),
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S&P 500 Gains and Losses Today: Amazon Stock Surges as Cloud Business Boosts Earnings; DexCom Drops
Key Takeaways The world's largest online retailer got a boost from its booming cloud computing business on Friday, Oct. 31, 2025, while a soft sales outlook weighed on a medical device firm.Amazon shares climbed to a record high as its Amazon Web Services business helped drive better-than-expected quarterly results.
Amazon.com Inc.’s cloud unit posted the strongest growth rate in almost three years, reassuring investors who were concerned that the largest seller of rented computing power was losing ground to rivals.