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Amazon in talks to invest $50bn in OpenAI, valuation could hit $830bn
['Ahmed Boulor']
Latest Nigeria News | Top Stories from Ripples Nigeria
OpenAI, the artificial intelligence company currently valued at $500 billion, is reportedly in advanced discussions to raise an additional $100 billion in investment, with Amazon potentially contributing at least $50 billion, according to the Wall Street Journal.
If the funding round is successful, it could push OpenAI’s valuation to a staggering $830 billion.
The details of the potential deal remain limited, but Amazon CEO Andy Jassy is reportedly leading negotiations with OpenAI CEO Sam Altman.
OpenAI has also been exploring investments from sovereign wealth funds in the Middle East, as well as engaging with major technology players including Nvidia, Microsoft, and SoftBank.
The company’s pursuit of record-breaking funding highlights the enormous investor confidence in the growth and influence of AI technology.