#amazon-openai-investment

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fromExchangewire
1 week ago

Digest: Amazon in Talks to Invest $10bn+ in OpenAI; Trump Admin Threatens Spotify Over EU Tech Rules

Amazon is reportedly in advanced talks to invest more than $10bn (£7.5bn) in OpenAI. If the talks succeed, OpenAI's market valuation could climb beyond USD$500bn (£370bn), according to The Information The move would mark a significant deepening of ties between the two companies, as Amazon seeks to position itself at the heart of the AI infrastructure race. The company has appointed former UK chancellor George Osborne to lead its international government engagement strategy,
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