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🌐 Entity
Strategic alliance
Agreement between two or more parties
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- AI Development (1)
- Cloud Computing (1)
- Strategic Partnerships (1)
🏷️ Keywords
OpenAI (1) · AWS (1) · AI Partnership (1) · Cloud Infrastructure (1) · Strategic Alliance (1) · $38 Billion Deal (1) · AI Development (1)
📖 Key Information
A strategic alliance is an agreement between two or more parties to pursue a set of agreed upon objectives needed while remaining independent organizations.
The alliance is a cooperation or collaboration which aims for a synergy where each partner hopes that the benefits from the alliance will be greater than those from individual efforts. The alliance often involves technology transfer (access to knowledge and expertise), economic specialization, shared expenses and shared risk.
📰 Related News (1)
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🇺🇸 AWS and OpenAI announce multi-year strategic partnership
OpenAI and AWS have entered a multi-year, $38 billion partnership to scale advanced AI workloads. AWS will provide world-class infrastructure and comp...
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People and organizations frequently mentioned alongside Strategic alliance:
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Cloud computing · 1 shared articles