Amazon’s $50 billion OpenAI investment may depend on IPO or AGI milestone: Report

Amazon’s plan to invest up to $50 billion in OpenAI could depend on whether the AI developer goes public or achieves an artificial general intelligence (AGI) milestone, The Information reported on Wednesday, citing ‌people familiar ⁠with ⁠the matter.

Under terms still being negotiated, Amazon would invest $15 billion upfront, with an additional $35 billion contingent on Microsoft-backed OpenAI hitting an AGI milestone or pursuing an IPO, according to the report.

Additionally, SoftBank and Nvidia each plan to invest $30 billion in three installments over ⁠the year as ‌part of the funding round, the Information added.