Investing.com - According to The Information, citing sources familiar with the matter on Wednesday, Amazon (NASDAQ:AMZN) plans to invest up to $50 billion in OpenAI. This investment may depend on the artificial intelligence lab achieving a milestone breakthrough in Artificial General Intelligence (AGI) or launching an IPO.
Reportedly, under still-negotiating terms, Amazon will initially commit $15 billion upfront, with the remaining $35 billion contingent on whether OpenAI goes public or reaches its AGI goals.
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This investment is part of OpenAI’s broader funding plan, as the company expands its computing infrastructure and attracts interest from major tech investors, with total funding potentially exceeding $100 billion.
The report also adds that NVIDIA (NASDAQ:NVDA) and other companies are prepared to contribute significant funds to this round of financing.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.
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Amazon's $50 billion investment in OpenAI may be tied to IPO or AGI milestones — The Information
Investing.com - According to The Information, citing sources familiar with the matter on Wednesday, Amazon (NASDAQ:AMZN) plans to invest up to $50 billion in OpenAI. This investment may depend on the artificial intelligence lab achieving a milestone breakthrough in Artificial General Intelligence (AGI) or launching an IPO.
Reportedly, under still-negotiating terms, Amazon will initially commit $15 billion upfront, with the remaining $35 billion contingent on whether OpenAI goes public or reaches its AGI goals.
Get real-time market news updates with InvestingPro
This investment is part of OpenAI’s broader funding plan, as the company expands its computing infrastructure and attracts interest from major tech investors, with total funding potentially exceeding $100 billion.
The report also adds that NVIDIA (NASDAQ:NVDA) and other companies are prepared to contribute significant funds to this round of financing.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.