OpenAI reportedly is in discussions with Amazon about a potential investment and an agreement to use Amazon’s artificial intelligence chips, according to CNBC.
The talks are ongoing and could change, but the investment could exceed $10 billion, according to a person familiar with the matter. The Information first reported the discussions.
The talks follow OpenAI’s October restructuring, which loosened its ties with Microsoft and gave it more flexibility to raise capital and work with other partners. Microsoft, which has invested more than $13 billion in OpenAI since 2019, no longer holds a right of first refusal to provide computing capacity.
Amazon has invested at least $8 billion in OpenAI rival Anthropic and has been building its own AI chips through AWS for nearly a decade. OpenAI recently committed more than $1.4 trillion to infrastructure deals and signed its first AWS capacity contract, valued at $38 billion.
In October, OpenAI also completed a $6.6 billion secondary share sale, valuing the company at $500 billion.