AI
Amazon eyes $10 billion investment in OpenAI — a gamechanger for AI industry!
Mumbai/IBNS: Amazon is reportedly in discussions to invest over $10 billion in OpenAI, in what could be a major development in the AI sector, Financial Times reported.
Under the potential deal, Amazon would provide OpenAI with more chips and computing power, including its Trainium series of AI chips, and rent additional data centre capacity to support AI tools like ChatGPT.
The agreement would enable OpenAI to use a broader range of hardware for training and running its models.
OpenAI has already secured long-term partnerships with Nvidia, Oracle, AMD, and Broadcom for chips and computing infrastructure.
Nvidia has signed a deal worth $100 billion with OpenAI, while AMD and Broadcom have agreed to sell roughly 10% of their stock to the California-based AI firm.
OpenAI’s competitor, Anthropic, already leverages Amazon’s growing chip unit alongside Google’s Tensor Processing Units.
Reports indicate that discussions between Amazon and OpenAI may also extend to the e-commerce giant’s online marketplace.
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