Amazon's cloud business giving federal agencies up to $1 billion in discounts

In this articleAMZN your favorite stocksCREATE FREE ACCOUNTAttendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024.Noah Berger | Getty ImagesAmazon Web Services has agreed to vide U.S. federal agencies with up to $1 billion in discounts for cloud adoption, modernization and training through 2028, an agency overseeing government curement announced Thursday.The agreement is expected to speed up migration to the cloud, as well as adoption of artificial intelligence tools, the General Services Administration said."AWS's partnership with GSA demonstrates a d public-private commitment to enhancing America's AI leadership," the agency said in a release.Read more CNBC newsTrump's chip tariff declaration raises more questions than answeoftBank's Vision Fund posts best performance in 4 yearsApple and Trump detail $100 billion U.S. spending expansion, including $2.5 billion for an iPhone glass factoryOpenAI is giving ChatGPT to the government for $1Amazon's cloud boss, Matt Garman, hailed the agreement as a "significant milestone in the large-scale digital transformation of government services."The discounts aggregated across federal agencies include credits to use AWS' cloud infrastructure, modernization grams and training services, as well as incentives for "direct partnership."The GSA announced a similar deal last month with cloud rival Oracle