{"id":483039,"date":"2026-06-04T17:17:12","date_gmt":"2026-06-04T17:17:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/483039\/"},"modified":"2026-06-04T17:17:12","modified_gmt":"2026-06-04T17:17:12","slug":"pinterest-signs-4-billion-dollar-amazon-deal-for-cloud-services","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/483039\/","title":{"rendered":"Pinterest signs 4 billion dollar Amazon deal for cloud services"},"content":{"rendered":"<p><a href=\"https:\/\/www.cnbc.com\/quotes\/PINS\/\" rel=\"nofollow noopener\" target=\"_blank\">Pinterest<\/a> said on Thursday it would pay <a href=\"https:\/\/www.cnbc.com\/quotes\/AMZN\/\" rel=\"nofollow noopener\" target=\"_blank\">Amazon<\/a> Web Services $4 \u2060billion for cloud services through 2031, as the social \u200bmedia company strengthens \u200ba long-term partnership \u200bwith its largest-ever deal.<\/p>\n<p>Shares of Pinterest were up nearly 5%, while those of Amazon rose \u20601.7%.<\/p>\n<p>Amazon.com&#8217;s \u200ccloud computing unit will provide Pinterest \u2060its custom chip processors, including Graviton and Trainium, to help scale its AI initiatives.<\/p>\n<p>&#8220;This expanded commitment with AWS \u200cgives us the compute flexibility, hardware optionality, and infrastructure efficiency to accelerate our AI \u200bvision,&#8221; Pinterest&#8217;s Chief Technology Officer Matt Madrigal said in a statement.<\/p>\n<p>Pinterest has been investing in AI tools by rolling \u2060out upgrades to its Performance+ ad suite, to boost \u200cgrowth amid intensifying competition from major \u200cplayers such as TikTok and <a href=\"https:\/\/www.cnbc.com\/quotes\/META\/\" rel=\"nofollow noopener\" target=\"_blank\">Meta&#8217;s<\/a> Instagram and Facebook.<\/p>\n<p>Pinterest said it had worked with AWS since \u20602010 to improve the reliability and performance of the \u2060company&#8217;s core services.<\/p>\n<p>The company, \u2060which earlier this month forecast second-quarter revenue above Wall Street estimates, said it plans to \u200bdiversify its accelerated \u200ccompute usage with Amazon&#8217;s custom silicon to improve price performance for its AI needs.<\/p>\n<p>This includes leveraging AWS Trainium for large language models and vision-language \u200bmodels that power features like personalized \u200cvisual search and AI-assisted discovery on its platform.<\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Pinterest said on Thursday it would pay Amazon Web Services $4 \u2060billion for cloud services through 2031, as&hellip;\n","protected":false},"author":2,"featured_media":483040,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,10934,1671,218,219,726,122,1154,61,206,60,1677,168856,58,80],"class_list":["post-483039","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-amazon-web-services","tag-amazon-com-inc","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-technology","tag-business-news","tag-cloud-computing-services","tag-ie","tag-internet","tag-ireland","tag-meta-platforms-inc","tag-pinterest-inc","tag-social-media","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/483039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=483039"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/483039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/483040"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=483039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=483039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=483039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}