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The story behind the story

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Sources: Amazon is in talks to invest up to $50B in OpenAI, which is seeking up to $100B in new capital, a round that could value it at as much as $830B

CEO Andy Jassy is leading the e-commerce giant's negotiations with the startup  —  Amazon.com is in talks to invest up to $50 billion in OpenAI

Wall Street Journal

Discussion

  • @eighthdayarts @eighthdayarts on bluesky
    as it eliminates 30,000 jobs.  [embedded post]
  • @moreandagain.me Genie Lauren on bluesky
    And, they're just gonna keep doing this to avoid the bubble bursting [embedded post]
  • @bacongawd.blacksky.app @bacongawd.blacksky.app on bluesky
    One day after announing a 16,000 role layoff....  [embedded post]
  • @peark.es George Pearkes on bluesky
    OpenAI is IPOing later this year, supposedly, but is raising as much as $100bn with $NVDA in for $30bn and $AMZN considering as much as $50bn.  Boy I dunno.
  • r/wallstreetbets r on reddit
    Amazon in Talks to Invest Up to $50 Billion in OpenAI