AMAZON IN TALKS TO INVEST UP TO $50 BILLION IN OPENAI

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Amazon's CEO, Andy Jassy, is leading negotiations with OpenAI CEO Sam Altman for an investment of up to $50 billion in OpenAI. The AI startup is seeking up to $100 billion in a funding round that could value it at up to $830 billion. Amazon has deep ties with Anthropic, one of OpenAI's competitors. It has invested $8 billion in Anthropic and is one of its key cloud providers. Amazon also developed an $11 billion data center campus for Anthropic.