Amazon to reportedly invest up to $50B in OpenAI: WSJ

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We’re watching Amazon here, as the company is reportedly nearing a deal to invest in Open AI.

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The Wall Street Journal says the e-commerce giant is in talks to invest up to $50 billion in the venture.

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At this level, Amazon will become the largest contributor to Open AI’s ongoing fundraising round.

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It reportedly plans to raise $100 billion in this round. Softbank is also in talks to invest and the companies already have a strategic partnership.

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Amazon also has investments in OpenAI rival Anthropic.

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But all these expenses come with a price. Just this week, Amazon announced it would lay off 16,000 people.