Benzinga | Dec 1, 2021 12:34PM EST

Meta Extends Relation With AWS

* Meta Platforms Inc (NASDAQ:FB) deepened relations with Amazon.com Inc (NASDAQ:AMZN) Amazon Web Services as a strategic cloud provider.

* Meta uses AWS's infrastructure and comprehensive capabilities to complement its existing on-premises infrastructure.

* Meta will broaden its use of AWS compute, storage, databases, and security services to provide privacy, reliability, and scale in the cloud.

* Meta will run third-party collaborations in AWS and use the cloud to support acquisitions of companies that AWS already powers.

* Meta will also use AWS's compute services to accelerate artificial intelligence research and development for its Meta AI group.

* Additionally, Meta and AWS will work together to improve the performance of customers running PyTorch on AWS.

* Price Action: AMZN shares traded higher by 0.65% at $3,529.99 on the last check Wednesday.