"Amazon is in early-stage talks to invest as much as $50 billion (£40bn) in OpenAI, in what would be one of the largest private technology investments ever made. According to reports, discussions remain preliminary and the final size and structure of any deal have yet to be agreed. If completed at the upper end, the investment would make Amazon the single largest backer in OpenAI's latest fundraising round."
"The talks come as OpenAI looks to raise up to $100 billion, which would value the company at around $830 billion, according to people familiar with the matter. The funding drive underlines the extraordinary demand for exposure to frontier AI companies as they pour billions into data centres, chips and computing infrastructure. Big Tech groups and global investors are scrambling to deepen their ties with OpenAI, betting that closer partnerships with the ChatGPT-maker will deliver a strategic edge in the intensifying AI race."
Amazon is in early-stage talks to invest as much as $50 billion in OpenAI, which would make it the single largest backer if completed. Discussions remain preliminary and the final size and structure of any deal have yet to be agreed. OpenAI is seeking up to $100 billion in funding, valuing the company around $830 billion and laying groundwork for a potential flotation that could approach $1 trillion. SoftBank is also in talks to invest up to $30 billion. Amazon has already invested about $8 billion in Anthropic, while OpenAI signed a $10 billion deal with Cerebras as it expands computing partnerships.
Read at Business Matters
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