Compute · the Ledger · Capacity contract
OpenAI signs a $38B, seven-year agreement for AWS capacity on Nvidia GB200 and GB300 GPUs
Signed · announced 3 Nov 2025 · the week to 7 Nov 2025
- Size
- $38B
- Term
- 7 years
The parties
- OpenAIcompany pageBuyer
- Amazon Web Servicescompany pageProvider
The source
Amazon announcement, 2025-11-03Company press release
Hundreds of thousands of GPUs in EC2 UltraServers; all capacity targeted before end-2026. Expanded by $100B on 2026-02-27 (see openai-aws-expansion-2026-02). Accelerator as stated: NVIDIA GB200 / GB300.
The same parties, other deals
- Nvidia gives SB Energy residual value guaranties, capped at $105B, on ~4.25 GW of Ohio data center leases to OpenAI$105B · 17 Aug 2026
- Anthropic commits more than $100B over ten years to AWS for up to 5 GW; Amazon invests $5B now and up to $20B more$100B · 20 Apr 2026
- Amazon agrees to invest $50B in OpenAI: $15B in the current round plus a $35B commitment tied to milestones or an IPO$50B · 27 Feb 2026
- OpenAI expands its AWS agreement by $100B over eight years, including ~2 GW of Trainium capacity$100B · 27 Feb 2026
- OpenAI agrees to deploy 750 MW of Cerebras inference compute; Cerebras's S-1 values the deal at more than $20B$20B · 14 Jan 2026
- AWS signs a ~$5.5B, 15-year lease for 300 MW at a Cipher site$5.5B · 3 Nov 2025