Amazon in talks to invest up to $50 billion in OpenAI, WSJ says
By Matt Day, Bloomberg
Amazon.com Inc. is in talks to invest as much as $50 billion in OpenAI, the Wall Street Journal reported on Thursday, a deal that would accelerate ties between the world’s largest cloud-computing provider and the leading builder of AI tools.
OpenAI is seeking up to $100 billion in new capital from investors, the newspaper reported, citing people familiar with the matter. Amazon Chief Executive Officer Andy Jassy is leading negotiations with OpenAI counterpart Sam Altman, the Journal said.
Amazon declined to comment and OpenAI didn’t immediately comment.
Bloomberg previously reported that OpenAI was in talks to raise at least $10 billion from Amazon and use the company’s chips. Altman has also been meeting with top investors in the Middle East for a fundraising round that could value the ChatGPT maker at as much as $830 billion.
–With assistance from Spencer Soper and Rachel Metz.
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