Amazon announces strategic partnership with OpenAI, to invest $50 billion for AI innovation
E-commerce giant Amazon has planned to invest $50 billion in OpenAI, starting with an initial $15 billion and followed by another $35 billion in the coming months, the companies announced on Friday.
The latest investment is part of a significant funding round for OpenAI, which is raising $110 billion in new capital at a pre-money valuation of $730 billion. It also includes $30 billion from SoftBank and $30 billion from Nvidia.
