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Amazon.com (NasdaqGS:AMZN) is reported to be in talks to invest up to $50b in OpenAI.
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The potential deal would be one of the largest single corporate investments in artificial intelligence to date.
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Discussions reportedly include closer alignment on foundational AI models and cloud infrastructure.
For investors watching Amazon.com at a current share price of $241.73, the reported talks follow multi year gains, with the stock up 114.1% over the past 3 years. Returns of 6.7% year to date and 4.0% over the past month indicate recent momentum, while the 3.0% return over the past year reflects a more muted 12 month move.
If Amazon proceeds with a large OpenAI investment, it could influence how Amazon Web Services positions itself in advanced AI infrastructure and model hosting. It would also raise questions about how deeply AI…
https://finance.yahoo.com/news/amazon-openai-talks-put-heavier-111039613.html