Amazon completes $50bn investment in OpenAI

Amazon has completed a $50 billion investment in OpenAI, acquiring a roughly 5% stake in the AI lab through an equity deal, according to the Financial Times. The investment makes Amazon a significant minority shareholder in OpenAI, which develops advanced AI models like ChatGPT.

Amazon completes $50bn investment in OpenAI Source: Financial Times Technology https://www.ft.com/technology Ecommerce giant has roughly 5% stake in AI lab after equity deal Get AI news in your inbox Daily digest of what matters in AI. Get AI news in your inbox Daily digest of what matters in AI.