Amazon is doubling down on OpenAI, announcing a strategic partnership Friday that includes a $50 billion investment in the ChatGPT maker.
The companies said Amazon will start with $15 billion, with $35 billion more expected “in the coming months when certain conditions are met.” The investment is part of a broader $110 billion funding round for OpenAI that includes SoftBank and NVIDIA, and brings the company’s pre-money valuation to a whopping $730 billion.
OpenAI and AWS are also deepening their technical ties, expanding an existing $38 billion multi-year agreement by $100 billion over eight years. OpenAI will run more of its AI workloads on AWS, including a commitment to consume 2 gigawatts’ worth of capacity on…