Jun. 4 at 8:02 PM
$AMZN Pinterest, Amazon Web Services Agree to
$4 Billion Cloud Services Deal
$PINS
Pinterest agreed to expand its collaboration with Amazon Web Services with a
$4 billion commitment to use Amazon's cloud services and custom chips to advance its AI-powered visual search discovery feature through 2031.
"This expanded commitment with AWS gives us the compute flexibility, hardware optionality, and infrastructure efficiency to accelerate our AI vision for the next generation of visual discovery on Pinterest," said Pinterest Chief Technology Officer Matt Madrigal.
"This strategic partnership will help accelerate AI innovation at Pinterest, improving both our consumer experience and advertiser performance by advancing our proprietary models and our use of open-source models," he said.
As part of the agreement, Pinterest will expand its use of Amazon's Graviton chips, as well as its Trainium chips to host and run large language models and vision-language models.
