Tech Giants Circle OpenAI in Funding Round That Could Top $100 Billion [Yahoo! Finance]
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Source: Yahoo! Finance
Earlier reports said Amazon was in talks to invest up to $50 billion in OpenAI, according to the Wall Street Journal The move would make Amazon one of OpenAI's largest backers. Additional reporting by The Information said the fundraising effort could expand to include Microsoft and Nvidia, with the three companies collectively considering investments totaling as much as $60 billion. Amazon declined Decrypt's request for comment. Microsoft and Nvidia have yet to respond. The fundraising would be part of a larger capital raise that could reach $100 billion, as OpenAI seeks funding to cover the growing costs of training and operating its artificial-intelligence models, per the reports. OpenAI has signaled plans to spend hundreds of billions of dollars over time on computing infrastructure, including data centers and specialized chips. OpenAI Rolls Out Free Science Platform Prism as Experts Warn of Privacy Concerns For Amazon, a deal would deepen its relationship with OpenAI
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