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0.00084339381671853 0.000506036290031036 0.00359044796260153 0.00436155088074412 0.00804838670811339 0.00380732065832908 0.00171088459962886 0.00397599942167276
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Amazon announces $50bn investment in AI partnership with OpenAI [Yahoo! Finance]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
US multinational technology company Amazon and artificial intelligence research firm OpenAI - developer of the ChatGPT chatbot - announced a strategic partnership on Friday. The new collaboration aims to accelerate AI innovation for enterprises, startups, and end consumers around the world with the development of a Stateful Runtime Environment powered by OpenAI's models, the companies said. Amazon will invest $50 billion in OpenAI, starting with an initial $15 billion investment and followed by another $35 billion in the coming months when certain conditions are met, according to the terms of the deal. Amazon Web Services (AWS) will serve as the exclusive third-party cloud distribution provider for OpenAI Frontier, the companies said. Together, both companies will develop customized models available to Amazon developers to power Amazon's customer-facing applications, they said. Amazon teams will be able to tailor OpenAI models for use across AI products and agents that serve Show less Read more
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