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Jaeden Schafer

๐Ÿ‘ค Speaker
1700 total appearances
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AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

And then, of course, we have companies like Amazon with AWS and all of their web servers.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

So this is an interesting deal that seems to be more and more popular.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

We're going to break down the deal, who broke it, and what the sources are saying about all of this.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

Before we get into it, I wanted to mention, if you want to build...

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

an AI tool or an app using AI, I'd love for you to try out my startup, which is called AIbox.ai.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

There's all sorts of really cool ideas that you can create over there.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

Go check out AIbox.ai.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

I'll leave a link in the description if you want to try out our new AI app workflow builder.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

All right, let's get into the story right now.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

So this was reported by CNBC and Bloomberg, who were both discussing this.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

The investment in OpenAI, this $10 billion investment from Amazon, would give it a valuation of $500 billion, almost half a trillion dollars as a private company

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

This is absolutely phenomenal.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

And this is according to some quote-unquote anonymous sources who were familiar with the matter.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

The information first broke news about this talk, and then Bloomberg dug in and got some interesting info on that final valuation.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

Right now, I think this potential deal shows that Amazon's really trying to broaden its exposure to AI and to the AI race.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

They've invested heavily into Anthropic, and now it seems like they're going straight for OpenAI.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

And they've also already committed about $8 billion to Anthropic.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

So, you know, putting $10 billion into OpenAI, I'm not sure what Anthropic thinks about this because, you know, their $8 billion, it was kind of tranched out over many years.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

And then OpenAI is about to get a big, huge slab of $10 billion.

AI in Business
Amazon-OpenAI $10B Talks Gain Momentum

But maybe Anthropic's got a tranche of money earmarked for it as well.