OpenAI wants to raise $10 billion in a deal with Amazon

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OpenAI is reportedly in early discussions with Amazon on a potential deal that could push its valuation well beyond $500 billion. A person with close knowledge about the discussions disclosed that the $10 billion deal is “very fluid” on condition of anonymity.

As first reported by The Information, if the deal is finalized, OpenAI could adopt Amazon’s Trainium chips to bolster its AI development and advances. The outlet also suggests that the deal could place the ChatGPT maker in a unique position to…



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OpenAI wants to raise $10 billion in a deal with Amazon


OpenAI is reportedly in early discussions with Amazon on a potential deal that could push its valuation well beyond $500 billion. A person with close knowledge about the discussions disclosed that the $10 billion deal is “very fluid” on condition of anonymity.

As first reported by The Information, if the deal is finalized, OpenAI could adopt Amazon’s Trainium chips to bolster its AI development and advances. The outlet also suggests that the deal could place the ChatGPT maker in a unique position to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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