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OpenAI in Talks to Raise At Least $10 Billion From Amazon and Use Its AI Chips

OpenAI CEO Sam Altman, left and Amazon CEO Andy Jassy via Getty. Collage by Clark Miller.
By
Anissa Gardizy
,
Sri Muppidi
,
Cory Weinberg
and
Amir Efrati

Amazon is in talks to invest $10 billion or more in OpenAI, according to three people familiar with the discussions. The valuation would be higher than $500 billion, one of the people said.

The Amazon investment would help OpenAI afford some of the commitments it has made to rent servers from cloud providers, including from Amazon Web Services. OpenAI last month announced it would spend $38 billion renting servers from AWS over the next seven years, making AWS one of at least five cloud providers OpenAI uses to develop its artificial intelligence.