Amazon's $50 billion OpenAI investment may depend on IPO or AGI milestone: Report
The Hindu
Amazon’s plan to invest up to $50 billion in OpenAI could depend on whether the AI developer goes public or achieves an artificial general intelligence (AGI) milestone, The Information reported
Amazon’s plan to invest up to $50 billion in OpenAI could depend on whether the AI developer goes public or achieves an artificial general intelligence (AGI) milestone, The Information reported on Wednesday, citing people familiar with the matter.
Under terms still being negotiated, Amazon would invest $15 billion upfront, with an additional $35 billion contingent on Microsoft-backed OpenAI hitting an AGI milestone or pursuing an IPO, according to the report.
Additionally, SoftBank and Nvidia each plan to invest $30 billion in three installments over the year as part of the funding round, the Information added.
Reuters could not immediately verify the report. OpenAI and Amazon did not immediately respond to a Reuters’ request for comments outside regular business hours.
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