Amazon in early talks to invest in OpenAI
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Amazon.com Inc is in talks to invest in ChatGPT-maker OpenAI in a potential deal that could value the artificial intelligence firm at more than $500 billion, a source familiar with the matter said on Tuesday.
OpenAI is in initial discussions to raise at least $10 billion from Amazon.com Inc. and use its chips, a potential win for the online retailer’s effort to broaden its AI industry presence and compete with Nvidia Corp.
Amazon is in discussions with OpenAI to invest $10 billion in the company while supplying more of its AI chips and cloud computing services.
OpenAI, the developer for ChatGPT, and Amazon are in talks over a possible $10 billion investment. Mark DeCambre, editor-in-chief for MarketWatch, joins with more.
OpenAI is in talks with Amazon for a potential $10B+ investment and AI chip partnership amid intensifying AI competition.
Amazon is in talks to invest more than $10bn in OpenAI and sell it more chips and computing power, in the latest investment deal tying the AI start-up to its infrastructure providers. Amazon is discussing an agreement that would push OpenAI’s valuation above $500bn, according to people familiar with the matter.
Amazon is reportedly in talks to make a massive investment in OpenAI, a move that could further reshape the balance of power in the rapidly accelerating AI race
OpenAI is in talks with Amazon ( AMZN +0.20%) aimed at raising an investment of at least $10 billion, first reported by The Information. Microsoft ( MSFT +0.33%) has invested over $13 billion in the AI pioneer since 2019, though after a recent restructuring OpenAI is free to pursue new partners.