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Amazon Could Invest $10 Billion in OpenAI. Should You Invest in AMZN Stock First? [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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News is swirling that the e-commerce and cloud giant is in early talks to invest around $10 billion in OpenAI, the maker of ChatGPT and one of the industry's most influential AI innovators. This deal could value OpenAI at over $500 billion and further cement AI's role in reshaping global markets. Also, there is an agreement for OpenAI to use Amazon's custom AI chips. Meanwhile, Amazon has already invested at least $8 billion in OpenAI rival Anthropic and appears eager to deepen its exposure to generative AI. Did Nvidia Just Lose Its Spot as Wall Street's AI Chip Darling? JPMorgan Says This ‘Overall Top Pick' Is Better. The Saturday Spread: How a Little-Known Options Strategy Targets Asymmetric Upside (ORCL, NEE, IRM) The 2 Riskiest Stocks Investors Are Betting On With Over 300% Upside Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! The talks underscore the growing importance of AI infrastructure. Amazon Web Services
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AMZN
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