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Amazon in Talks to Commit $50 Billion to OpenAI
['Rachel Metz', 'Matt Day']
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(Gabby Jones/Bloomberg via Getty Images)Key Takeaways: Amazon is in talks to invest up to $50 billion in OpenAI as part of a new funding round.
OpenAI is also holding discussions with Nvidia and SoftBank while seeking up to $100 billion overall.
Amazon.com Inc. is in talks to invest as much as $50 billion in OpenAI and to expand the AI startup’s existing deal for computing power.
The Wall Street Journal reported the $50 billion figure earlier and said Amazon CEO Andy Jassy is leading the negotiations with Altman.
OpenAI is seeking up to $100 billion in new capital from investors, the newspaper also reported, citing people familiar with the matter.