Pinterest announced Thursday it would pay Amazon Web Services $4 billion for using its cloud services through 2031.
The agreement is the largest infrastructure commitment in Pinterest’s history and is expected to accelerate the company’s AI roadmap, provide a more responsive search and shopping experience, and further update the infrastructure powering Pinterest’s global visual search discovery platform.
Matt Madrigal, Chief Technology Officer, Pinterest, told investors, “Pinterest is heavily investing in AI to make discovery more personal, visual and actionable for the hundreds of millions of people who use our platform every month. This expanded commitment with AWS gives us the compute flexibility, hardware optionality, and infrastructure efficiency to accelerate our AI vision for the next generation of visual discovery on Pinterest. This strategic partnership will help accelerate AI innovation at Pinterest, improving both our consumer experience and advertiser performance by advancing our proprietary models and our use of open-source models.”
Dave Brown, SVP, Compute & ML Services, AWS, commented, “Pinterest is building some of the most advanced visual AI systems on AWS, powering discovery for more than 600 million users. As one of our longest-standing customers, we know what it takes to support that scale securely and efficiently. AWS compute and purpose-built silicon like Trainium and Graviton give Pinterest the price-performance to train and run AI models at massive scale across both training and inference. This commitment provides Pinterest the AI infrastructure to move faster and deliver new experiences to users sooner.”
Pinterest and AWS have worked together since 2010.
Pinterest shares fell almost 2% following the announcement.
By CEO NA Editorial Staff
