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Subhasree Kar

Amazon Could Invest $10 Billion in OpenAI. Should You Invest in AMZN Stock First?

Amazon Amazon.com Inc. OpenAI AWS

In a tech world where artificial intelligence (AI) has become the ultimate growth frontier, Amazon (AMZN) might be making one of its most audacious strategic moves yet. News is swirling that the e-commerce and cloud giant is in early talks to invest around $10 billion in OpenAI, the maker of ChatGPT and one of the industry’s most influential AI innovators. This deal could value OpenAI at over $500 billion and further cement AI’s role in reshaping global markets. Also, there is an agreement for OpenAI to use Amazon’s custom AI chips.

Meanwhile, Amazon has already invested at least $8 billion in OpenAI rival Anthropic and appears eager to deepen its exposure to generative AI.

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