OpenAI is in talks to raise $10 billion or more from Amazon (NASDAQ:AMZN) as the artificial intelligence company seeks fresh capital to fund its rapidly rising computing costs, The Information reported on Tuesday, citing people familiar with the discussions.
The report noted that the proposed investment would value OpenAI at more than $500 billion, highlighting investors’ strong appetite for leading AI developers despite the capital-intensive nature of the sector.
Amazon’s potential investment would help OpenAI meet commitments it has already made to lease large volumes of server capacity from cloud service providers, according to the report.
Source: Investing
