OpenAI in Talks to Raise At Least $10 Billion From Amazon and Use Its AI Chips, The Information Reports

Tiger Newspress12-17 10:23

Amazon is in talks to invest $10 billion or more in OpenAI, according to three people familiar with the discussions. The valuation would be higher than $500 billion, one of the people said. The Amazon investment would help OpenAI afford some of the commitments it has made to rent servers from cloud, the Information reported.

Amazon shares jumped 2.1% in overnight trading.

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Comments

  • MoneyFace168
    12-17 19:04
    MoneyFace168
    Win win for our AI revolution to take shape.
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