Amazon in talks to invest about $10 billion in OpenAI: Report

Experts say Amazon is playing the long game with its potential $10 billion OpenAI deal: ‘ChatGPT is still seen as the Kleenex of AI’

“If OpenAI wins the lottery, then they’d have the money to pay for this,” analyst Charles Fitzgerald said.

Premarket Movers: Amazon is Gaining Momentum

Quick Read Amazon is surging on news that OpenAI is in talks with the e-commerce giant about an investment that could exceed $10 billion. After gapping lower on AI data center spending fears, Oracle appears to have caught strong support at $188.65. Micron, which is expected to post earnings after the bell tonight, received a buy rating from analysts at Needham. If you’re focused on picking the right stocks and ETFs you may be missing the big…

Amazon In Talks To Invest $10 Billion In OpenAI, Report Says

Amazon is in early talks to invest up to $10 billion in OpenAI, a move that could significantly reshape the artificial intelligence landscape, CNBC reported. The proposed deal would reportedly involve OpenAI using Amazon’s AI chips and cloud infrastructure. If finalized, the investment would value OpenAI at more than $500 billion, according to Bloomberg. The talks reflect Amazon’s push to diversify its AI strategy as competition intensifies amon…

OpenAI and Amazon are closing in on a $10 billion funding deal

OpenAI has made more than $1.4 trillion of infrastructure commitments in recent months, including with chipmakers Nvidia, AMD, and and Broadcom

OpenAI in talks to raise at least $100 billion from Amazon and use its custom AI chips - Tech Startups

OpenAI is in discussions with Amazon about a sweeping new relationship that could reshape how the company funds and runs its AI infrastructure. The talks center on a potential investment that could reach at least $100 billion and an agreement […] The post OpenAI in talks to raise at least $100 billion from Amazon and use its custom AI chips first appeared on Tech Startups.

Amazon in talks to invest upwards of $10 billion in OpenAI at a valuation of more than $500 billion, per reports

The two sides are also discussing having OpenAI use Amazon’s Trainium chips, and other potential collaborations in e-commerce as a part of a deal, per reports.