Pinterest Enters $4 Billion Cloud Services Agreement with Amazon

Pinterest has signed a long-term, $4 billion cloud services deal with Amazon Web Services (AWS) through 2031 to support its AI initiatives. The partnership includes the use of AWS's custom chip processors like Graviton and Trainium. Pinterest shares rose nearly 5%, while Amazon shares increased by 1.7%.

By https://www.facebook.com/CNBC · CNBC · June 4, 2026, 14:15 UTC

Pinterest Enters $4 Billion Cloud Services Agreement with Amazon

Tickers: $AMZN $PINS

Topics: AI_investments cloud_services M&A

Read the full article at CNBC

More World news

Mercury Insurance Issues Safety Guidelines for Portable Generator Use During Power Outages PR Newswire · November 12, 2026, 14:06 UTC
Paratus Appoints New Senior Leadership to Drive Expansion into Asset-Backed Optimisation PR Newswire · November 12, 2026, 14:03 UTC
Transamerica Partners with Congruent Solutions to Modernize Retirement Plan Payroll Administration PR Newswire · November 12, 2026, 14:00 UTC
Kindo Raises $57.6 Million Total to Scale Enterprise AI Agent Management Platform PR Newswire · November 12, 2026, 14:00 UTC
Texans Credit Union Introduces Cash Back Checking and Ignite Youth Banking Suite PR Newswire · November 12, 2026, 14:03 UTC
Apple Announces Preorders for Select Smart Home Collection Accessories The Verge · November 12, 2026, 14:00 UTC
SolaREIT Surpasses $8.5 Billion Milestone in Clean Energy Land Financing PR Newswire · November 12, 2026, 14:00 UTC
Avalara Launches Native 1099 E-Filing Integration for Workday Financial Management PR Newswire · November 12, 2026, 14:00 UTC
Rocket Companies Appoints Datadog COO Adam Blitzer to Board of Directors PR Newswire · November 12, 2026, 14:00 UTC
ALKEME Insurance Announces 'ALKEME Bowl' Sponsorship of Arizona vs. Utah College Football Matchup PR Newswire · November 12, 2026, 14:00 UTC