Jaden Schaefer

And going from $40 billion to $110 billion, like they're proving that they are capable of raising money.

And this is just the start of the round as well.

It's open.

We're going to see a lot more.

I think the biggest thing that a lot of people are talking about here is the Amazon partnership.

This is particularly big.

OpenAI is planning to build an entire new stateful runtime environment for its model on Amazon Bedrock.

So they're also basically, I think, expanding a lot of their existing AWS agreements.

They have an additional $100 billion on top of the previously committed $38 billion in compute services, and this is kind of part of the deal.

OpenAI is going to use at least 2 gigawatts of AWS Tranium compute, and they're also going to develop some custom models to help support Amazon consumer products.

So Amazon CEO Andy Jassy said that this whole collaboration is going to allow developers to run OpenAI-powered services on AWS with some new capabilities that make AI apps and agents a lot more powerful and persistent.

And there's a bunch of earlier reporting that came out that basically suggested $35 billion of Amazon's investment may be contingent on opening either achieving AGI or completing an IPO by the end of this year.

So Amazon is, I mean, giving them $50 billion, but it feels like there's these contingencies where money could be clawed back if they don't reach certain milestones, if they don't achieve certain things.

I mean, achieving AGI by the end of the year, that's a pretty...

That's a pretty big gamble.

And I mean, no one's really defined what AGI is.

So that's an interesting term to have embedded in there.

What's interesting to me is that OpenAI actually did confirm that there was some sort of contingency.

They didn't say exactly what the contingency set was.

They just said that that additional $35 billion is going to be delivered, quote, in the coming months when certain conditions are met.