"OpenAI, a company already valued at $500 billion, has made it known that it's on the hunt for another $100 billion in investment. Such a funding round could lead the company's valuation to shoot up to a titanic $830 billion. The Wall Street Journal is now reporting that Amazon may contribute at least $50 billion of that record-breaking investment. Not much is known about the potential deal, although the Journal notes that Amazon's CEO, Andy Jassy, is currently leading the negotiations with OpenAI CEO"
"Such a partnership between Amazon and OpenAI would be particularly interesting because of Amazon's close ties to the OpenAI competitor Anthropic. Amazon's AWS is the primary cloud and training provider for Anthropic, and the company has invested at least $8 billion into Anthropic. Amazon also recently opened an $11 billion data center campus in Indiana, designed to exclusively run Anthropic models."
OpenAI, currently valued at $500 billion, is seeking an additional $100 billion in funding that could raise its valuation to about $830 billion. Amazon may contribute at least $50 billion, with Amazon CEO Andy Jassy leading negotiations with OpenAI CEO Sam Altman. OpenAI has held talks with sovereign wealth funds in the Middle East and with Nvidia, Microsoft and SoftBank. The funding deal is expected to close by the end of Q1. Amazon maintains significant ties to Anthropic: AWS is Anthropic's primary cloud and training provider, Amazon invested at least $8 billion, and opened an $11 billion Indiana data center campus to run Anthropic models.
Read at TechCrunch
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