US EditionBefore Amazon Invests $50 Billion in OpenAI, How Should You Play AMZN Stock?
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Amazon in Talks to Invest Up to $50 Billion in OpenAI
Amazon is negotiating a deal that could see it pour as much as $50 billion into OpenAI, people familiar with the discussions told the Wall Street Journal. If completed, the investment would position Amazon as the dominant financial backer of the ChatGPT creator’s current fundraising effort.The talks are being driven directly by Amazon CEO Andy Jassy and OpenAI CEO Sam Altman, though the specifics remain in flux. OpenAI is pursuing fresh capital …
Amazon would be in talks to invest up to $50 billion in OpenAI, according to the Wall Street Journal. If the transaction were successful, Amazon would become the main contributor to the ongoing fund-raising of OpenAI, head of ChatGPT. The company, which is considering an introduction to the stock exchange, seeks to raise up to $100 billion from investors. This fund-raising could value OpenAI up to $830 billion. Other ongoing discussions In addit…
OpenAI's $200B War Chest and the Great AI Infrastructure Land Grab
InvestorPlace - Stock Market News, Stock Advice & Trading Tips OpenAI is raising a historic $200B. Discover why the real profit isn't in software, but the nuclear and cooling infrastructure powering AGI. The post OpenAI’s $200B War Chest and the Great AI Infrastructure Land Grab appeared first on InvestorPlace.
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