Amazon in Talks to Invest at Least $10 Billion in OpenAI: Report

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: 2h ago

0mins

Source: aastocks

Amazon's Investment in OpenAI: Amazon is in preliminary negotiations to invest at least USD 10 billion in OpenAI, potentially increasing the company's valuation to over USD 500 billion.
Adoption of Technology: Alongside the investment, OpenAI may also consider using Amazon's Trainium chips for its operations.
Jobless Claims Update: Initial jobless claims in the U.S. for December 6th reached 236,000, exceeding the previous figure of 192,000 and surpassing the forecast of 220,000.
Market Information: The article includes a note that real-time streaming quotes for U.S. stocks are delayed by at least 15 minutes for OTC quotes.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Amazon in Talks to Invest at Least $10 Billion in OpenAI: Report

About the author

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