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Amazon in talks to invest as much as $50 billion in OpenAI, source says
['Thu', 'January At Pm Gmt', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Jan 29 (Reuters) - Amazon is in talks to invest dozens of billions in ChatGPT-maker OpenAI and the figure could be as high as $50 billion, a source told Reuters on Thursday.
OpenAI is looking to raise up to $100 billion in funding, valuing it at about $830 billion, Reuters reported on Tuesday.
SoftBank Group is in talks to invest as much as an additional $30 billion in the startup.
Nvidia, Amazon, and Microsoft are also in talks to invest up to $60 billion in OpenAI, the Information reported on Wednesday.
Nvidia, an existing investor whose chips power OpenAI's AI models, is in talks to invest up to $30 billion, while Microsoft, a longstanding backer, is in talks to invest less than $10 billion.