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Amazon shares in focus, OpenAI in talks for major partnership with retailer

OpenAI is in early discussions with Amazon for a potential $10 billion investment deal, which could significantly enhance Amazon's capabilities in the AI sector. If successful, this partnership could value OpenAI at over $500 billion and position Amazon to better compete with Nvidia in the chip market.

Amazon shares in focus, OpenAI in talks for major partnership with retailer

Credit: Livemint

Key Highlights

  • OpenAI is negotiating a $10 billion investment from Amazon.
  • The deal could elevate OpenAI's valuation to over $500 billion.
  • Amazon aims to adopt OpenAI's technology to enhance its AI capabilities.
  • The discussions are in early stages and considered 'very fluid.'.
  • Amazon's stock saw a slight increase following news of the talks.
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Sources

  1. OpenAI and Amazon are closing in on a $10 billion funding deal
  2. Amazon shares in focus, OpenAI in talks for major partnership with retailer
  3. Amazon in Talks Over $10 Billion OpenAI Move: Report. That’s Bad for Nvidia, Broadcom.
  4. Factbox-From OpenAI to Google, firms channel billions into AI infrastructure as demand booms

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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