Amazon (AMZN) AWS CEO says co. is working hard to add more capacity for OpenAI; AI chip, power, capacity demand is outpacing supply

Amazon's commitment to expanding capacity for AI-related services, particularly in partnership with OpenAI, signals its strategic intent to capitalize on the surging demand for AI applications.

Newsquawk StaffPublished 28 Apr 2026, 17:20 UTCOn the live feed at 17:00 UTC — 9 more headlines followed before this page went public

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17:02

US sells USD 44bln of 7yr notes; Tail 0.5bps

17:01

Google (GOOGL) drops out of the Pentagon drone swarm contest after advancing

17:00

Amazon (AMZN) AWS CEO says co. is working hard to add more capacity for OpenAI; AI chip, power, capacity demand is outpacing supply

16:57

White House Trade Adviser Navarro says they are holding the big four meatpackers accountable

16:50

US orders numerous chip equipment companies to halt tool shipments to two facilities of Hua Hong, China's second largest chipmaker, according to sources

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Context

This move may bolster Amazon's competitive edge against Microsoft in the AI space, especially as they navigate the increasing supply constraints in AI infrastructure. Investors should watch for potential impacts on both companies' market positions and future earnings outlooks as they ramp up their AI capabilities.

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