WSJ.COM
amazon & openai

Amazon in talks to invest up to $50 billion in OpenAI

SUMMARY

Amazon is in discussions to invest up to $50 billion in OpenAI, as reported by the Wall Street Journal. OpenAI aims to raise around $100 billion, potentially valuing the company at $830 billion. SoftBank is also negotiating to invest an additional $30 billion.

Amazon CEO Andy Jassy is leading talks with OpenAI CEO Sam Altman. Nvidia, Amazon, and Microsoft are considering collective investments of up to $60 billion in OpenAI. Neither Amazon nor OpenAI has commented on the reports yet.


▶︎ Click here for more breaking news