Amazon is reportedly in talks to invest $50 billion in OpenAI


OpenAI, is now a company worth $500 billionindicates that it is wanted another $100 billion to invest. Such a round of funding could lead the company’s valuation to reach a titanic $830 billion. Today’s Wall Street Journal report that Amazon could contribute at least $50 billion to that record-breaking investment.

Not much is known about the potential deal, although the Journal says that Amazon’s CEO, Andy Jassy, ​​is currently leading negotiations with OpenAI CEO Sam Altman. TechCrunch has reached out to Amazon and OpenAI for comment.

In search of more funding, OpenAI is also reportedly in discussions with sovereign wealth funds in the Middle East and The New York Times WROTE that the startup is making additional talks with Nvidia, Microsoft and SoftBank. The financing agreement is expected to close at the end of Q1.

Such a partnership between Amazon and OpenAI would be particularly interesting given Amazon’s close relationship with OpenAI competitor Anthropic. Amazon’s AWS is the leading cloud and training provider for Anthropic, and the company has invested at least $8 billion in Anthropic. Amazon also recently opened a $11 billion data center campus of Indiana, designed to run exclusively on Anthropic models.



Source link

  • Related Posts

    Missing ‘Fallout’ Season 1? It’s Free Streaming on YouTube

    If Prime Video isn’t one of the streaming services you’re paying, you might not be able to watch the post-apocalyptic drama and video-game adaptation, Fallout. But now you can try…

    Darren Aronofsky’s New AI Series About The Revolutionary War Looks Like Dogshit

    Darren Aronofsky used to be a director who made interesting, if sometimes polarizing, films like Black Swan, Mother!, Noahand The Wrestler. But it seems like a safe bet that people…

    Leave a Reply

    Your email address will not be published. Required fields are marked *