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Home / Business and Economy / OpenAI Seeks Massive $100B Investment

OpenAI Seeks Massive $100B Investment

30 Jan

•

Summary

  • OpenAI is seeking $100 billion in new investment.
  • Amazon may invest at least $50 billion in OpenAI.
  • Amazon is OpenAI's competitor Anthropic's partner.
OpenAI Seeks Massive $100B Investment

OpenAI is currently seeking an additional $100 billion in investment, which could elevate its valuation to an astonishing $830 billion. Amazon is reportedly considering investing a substantial sum of at least $50 billion as part of this significant funding round. Negotiations for this potential deal are being led by Amazon's CEO, Andy Jassy, and OpenAI's CEO, Sam Altman.

This developing situation is further complicated by Amazon's existing close relationship with Anthropic, a direct competitor to OpenAI. Amazon's cloud services division, AWS, serves as the primary cloud and training provider for Anthropic, having already invested a minimum of $8 billion into the company. Amazon also recently established an $11 billion data center campus designed exclusively for Anthropic's AI models.

Discussions for OpenAI's funding round have also reportedly involved sovereign wealth funds from the Middle East, as well as technology giants like Nvidia, Microsoft, and SoftBank. The deal is anticipated to be finalized by the end of the first quarter.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
OpenAI is seeking an additional $100 billion in investment.
Amazon may contribute at least $50 billion to OpenAI's funding round.
Amazon's AWS is the primary cloud and training provider for Anthropic and has invested at least $8 billion into the company.

Read more news on

Business and Economyside-arrowNvidiaside-arrowOpenAIside-arrowSam Altmanside-arrowAnthropicside-arrowAmazon Leoside-arrowArtificial Intelligence (AI)side-arrow

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