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AMAZON COULD INVEST UP TO $50 BILLION IN OPENAI IN COMING WEEKS, SOURCE SAYS

cnbc.com3 min read

Summary from the TLDR AI newsletter

Amazon is negotiating a potential $50 billion investment in OpenAI, highlighting a strategic shift towards AI. Talks involve OpenAI CEO Sam Altman and Amazon's CEO Andy Jassy, with potential agreements including the use of Amazon's AI chips. This comes despite Amazon's prior investments in Anthropic, an OpenAI rival, and forms part of a broader $100 billion fundraising round spearheaded by OpenAI.