The $10 billion loop: Amazon could pay OpenAI so OpenAI can pay Amazon
NeutralArtificial Intelligence

- Amazon is reportedly in discussions to invest at least $10 billion in OpenAI, the developer of ChatGPT, as part of its strategy to support OpenAI's funding needs for extensive data center expenditures. This investment could significantly impact both companies' futures in the AI sector.
- The potential investment from Amazon is crucial for OpenAI as it seeks to secure substantial funding to maintain and expand its operations, particularly in light of its ambitious plans to raise up to $100 billion in a new fundraising round, which could value the company at approximately $830 billion.
- This development highlights a growing trend of major tech companies investing heavily in AI technologies, reflecting the competitive landscape where firms like Disney and Oracle are also making significant investments in OpenAI, indicating a broader shift towards AI-driven solutions across various industries.
— via World Pulse Now AI Editorial System





