Amazon in talks to invest as much as $50 billion in OpenAI, source says
Investing up to $50 billion could make Amazon the biggest contributor to the AI company's ongoing fundraising round.
OpenAI, which signed a $10 billion computing deal with Nvidia challenger Cerebras earlier this month, is laying the groundwork for an IPO that could value it at up to $1 trillion, Reuters has also reported.(File photo) Amazon is in talks to invest dozens of billions in ChatGPT-maker OpenAI and the figure could be as high as $50 billion, a source told Reuters on Thursday.
The discussion is still in the early stages and the final numbers have not been finalized, the source said.
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Big Tech companies and investors such as SoftBank Group Corp are racing to forge partnerships with OpenAI – which is spending heavily on data centers – betting that closer ties with the artificial-intelligence startup would give them a competitive edge in the AI race.
OpenAI is looking to raise up to $100 billion in funding, valuing it at about $830 billion, Reuters reported on Tuesday. SoftBank Group is in talks to invest as much as an additional $30 billion in the startup.
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