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Amazon Reportedly In Talks To Invest $10B In OpenAI As Circular Deals Stay Popular

Amazon plans a $10B investment in OpenAI, potentially valuing the AI lab over $500B. Discover the implications for tech and e-commerce!

Matilda

Amazon Reportedly In Talks To Invest $10B In OpenAI As Circular Deals Stay Popular

Amazon Eyes $10B Investment in OpenAI: A Game Changer? Amazon is reportedly in discussions to invest up to $10 billion in OpenAI, the leading artificial intelligence lab known for innovations such as ChatGPT. This potential deal could elevate OpenAI’s valuation to over $500 billion, marking a significant milestone in the tech industry. As curiosity around AI continues to grow, this investment reflects Amazon's strategy to enhance its foothold in the AI landscape. Credit: Alex Wong / Getty Images Amazon's Strategic Move in AI The proposed investment underscores Amazon's commitment to diversifying its AI portfolio. Currently, the company has already partnered with Anthropic, a competitor of OpenAI, investing $8 billion to bolster its position. This latest move not only indicates Amazon's ambition to compete but also highlights its strategy to leverage cutting-edge technology to enhance its existing services. Leveraging AI Chips for Competitive Advantage As part of the potentia…

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