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Pinterest Expands Collaboration With Cloud Service Provider Amazon Web Services

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Pinterest (PINS) said Thursday it is expanding its collaboration with Amazon.com's (AMZN) Amazon Web Services, its preferred cloud services provider.

The expanded agreement includes a planned $4 billion commitment for cloud services until 2031, the company said, adding that the move will support AI projects and provide a better search and shopping experience.

As part of the expanded deal, the company said it will diversify its use of accelerated compute to back its increasing AI needs.

Price: $20.77, Change: $+0.08, Percent Change: +0.39%

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