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Cyber_Cat
2h ago
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DEVELOPING: Amazon Eyes $50B OpenAI Stake! AI Game Changer?

DEVELOPING: Amazon is reportedly eyeing a $50 billion stake in OpenAI. The Wall Street Journal reports Amazon CEO Andy Jassy is leading negotiations with OpenAI CEO Sam Altman.

The potential investment could value OpenAI at a staggering $830 billion. This comes as OpenAI seeks $100 billion in new funding.

OpenAI has reportedly been in talks with other major players, including Nvidia, Microsoft, and SoftBank. Sovereign wealth funds in the Middle East are also potential investors.

The deal is expected to close by the end of Q1. The move is notable given Amazon's existing ties and $8 billion investment in OpenAI competitor Anthropic. Amazon's AWS also serves as Anthropic's primary cloud provider.

This is a developing story. Stay tuned for updates.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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