What is Amazon's potential investment in OpenAI?

Amazon is in early discussions to invest as much as $10 billion in OpenAI.

How would a deal impact OpenAI's valuation?

If the deal materializes, it would value OpenAI at more than $500 billion.

Has Amazon invested in AI competitors before?

Yes, Amazon previously invested $8 billion in Anthropic, a rival to OpenAI.

Home / Business and Economy / Amazon Eyes $10B OpenAI Stake in AI Power Play

Amazon Eyes $10B OpenAI Stake in AI Power Play

17 Dec

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Summary

Amazon is in early talks for a significant $10 billion investment in OpenAI.
The deal could value OpenAI at over $500 billion, impacting the AI landscape.
Amazon previously invested $8 billion in OpenAI rival Anthropic.

Amazon Eyes $10B OpenAI Stake in AI Power Play

Amazon is currently engaged in early-stage discussions regarding a substantial investment of up to $10 billion in OpenAI. This potential collaboration, reported by CNBC, would involve OpenAI leveraging Amazon's specialized AI chips for its operations. If finalized, this deal would place OpenAI's valuation at an impressive figure exceeding $500 billion, according to Bloomberg.

The e-commerce giant is actively diversifying its artificial intelligence ventures. This follows a recent $8 billion investment in Anthropic, a notable rival to OpenAI. Amazon has also been advancing its own AI hardware, recently unveiling new iterations of its Trainium chips.

This reported investment signifies a trend of interconnected deals within the AI industry. Companies are forming strategic alliances, with hardware providers and cloud services supporting AI startups, which in turn commit to using their infrastructure for model training.

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.