Amazon to invest $50 billion in OpenAI, contingent on achieving AGI and an IPO
Summary
- Amazon’s $50 billion investment in OpenAI was reported to be structured in phases, to be deployed upon achieving specific milestones such as AGI or an IPO.
- Most of Amazon’s investment in OpenAI was said to be conditional funding, to be deployed if OpenAI develops AGI or successfully goes public.
- SoftBank and NVIDIA are also said to be planning phased investments of $30 billion each, while Microsoft has not yet decided whether to take part.
Forecast Trend Report by Period
Amazon’s plan to invest $50 billion in OpenAI is reportedly designed as a phased structure contingent on the achievement of specific milestones such as attaining artificial general intelligence (AGI) or completing an initial public offering (IPO).
According to Walter Bloomberg on the 26th (local time), most of Amazon’s investment would be conditional funding to be deployed if OpenAI develops AGI or succeeds in going public.
SoftBank and NVIDIA are also said to be planning phased investments of $30 billion each. Microsoft, meanwhile, has yet to decide whether it will participate in this funding round.
Commentators say the talks over the large-scale investment underscore intensifying competition among Big Tech and global capital for leadership in the generative AI market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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