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The artificial intelligence company OpenAI seeks to raise $110 billion in a round that would value it at $840 billion, a figure that not only breaks records of private capital, but also confirms the new axis of economic power: artificial intelligence infrastructure. Financing includes investment commitments from SoftBank, Nvidia and Amazon, who bet that securing strategic links with the developer of advanced models will give them an advantage in…
Amazon stock dips after $50B OpenAI bet as AWS pushes deeper into AI
Amazon shares fell 0.9% to $206.05 after disclosing a $50 billion investment and partnership with OpenAI, including a $35 billion equity commitment and a $15 billion share purchase due March 31. AWS will distribute OpenAI’s enterprise platform and supply Trainium chips. The Nasdaq and S&P 500 were down about 1%. U.S. producer prices rose 0.5% in January, higher than expected. The post Amazon stock dips after $50B OpenAI bet as AWS pushes deeper …
OpenAI and Amazon democratize generative AI production at scale
Amazon (NASDAQ:AMZN) and OpenAI signed a multi-year partnership to advance how businesses and consumers deploy generative AI technology The deal will see Amazon invest US$50 billion in OpenAI as the partners jointly develop their Stateful Runtime Environment Platform, allowing AI developers to control compute, memory and identity with unmatched efficiency Amazon stock is down by 0.88 per cent trading at US$206.08 as of 9:41 am ET Amazon (NASDAQ:…
The long-awaited fundraising of the start of the year for the company behind ChatGPT has just been formalized. OpenAI raises $110 million, its biggest financing operation. Last year, SoftBank had injected $40 billion. Now, Amazon is under the spotlight after having disbursed $50 billion.
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