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 initiatives. "This expanded commitment with AWS gives us the

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