Matt Madrigal
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Pinterest deepens Amazon partnership with $4 billion cloud deal
Pinterest deepens Amazon partnership with $4 billion cloud deal June 4 : Pinterest said on Thursday it would pay Amazon Web Services $4 billion for cloud services through 2031, as the social media company strengthens a long-term partnership with its largest-ever deal. Shares of Pinterest were up nearly 5 per cent, while those of Amazon rose 1.7 per cent. Amazon.com's cloud computing unit will provide Pinterest its custom chip processors, including Graviton and Trainium, to help scale its AI...