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Amazon (AMZN) Soars as Pinterest Inks $4 Billion AI Infrastructure Deal

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Pinterest has signed a $4 billion, multi-year commitment to utilize Amazon Web Services.
  • The deal expands Pinterest's reliance on Amazon's custom Graviton and Trainium chips to scale AI-driven visual search features and machine learning models through 2031.
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AMZN price history

256.78 +13.48% over the displayed period

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