This would be a big upgrade in the Amazon OpenAI relationship. We're talking about both a huge investment plus a path for AWS to land OpenAI as a flagship customer, which is a real optics win for Amazon's NVIDIA alternative. Now, as for what I'm hearing from a source close to the discussions, Amazon is looking at an equity stake of at least $10 billion in OpenAI, though the specifics are still fluid and not finalized.That would exceed the amount of capital Amazon has committed to anthropic. This would also ...

These days, the OpenAI investment news cycle feels like the most expensive game of musical chairs ever played. And this week, there’s a new player scrambling for a seat. Amazon is in talks to invest at least $10 billion in OpenAI, according to a report from The Information, in a deal that could push the value of the startup past $500 billion. Analysts say the deal looks like a marriage of necessity: OpenAI needs help funding its enormous burn rate, while Amazon needs proof that its custom Trainium chips ...

Hey, Kelly. So, this is a win-win for both Amazon and OpenAI. Now, for Amazon, it is about redemption.Anthropic had been its marquee AI partner, running its cloud models on Amazon's in-house AI chips. But lately, the startup has been signing new compute deals with Microsoft and Google, and that's been a reputational hit for Amazon and especially for its trrenium chips, which still are viewed, which are still not viewed as best-in-class on performance. Now, as for what OpenAI gets out of this, it's all about ...

Hey, Kelly. So, this is a win-win for both Amazon and OpenAI. Now, for Amazon, it is about redemption.Anthropic had been its marquee AI partner, running its cloud models on Amazon's in-house AI chips. But lately, the startup has been signing new compute deals with Microsoft and Google, and that's been a reputational hit for Amazon and especially for its trrenium chips, which still are viewed, which are still not viewed as best-in-class on performance. Now, as for what OpenAI gets out of this, it's all about ...

RT Amazon Video Games (@AMZNVideoGames)Playfull has officially landed on Amazon.A curated selection of premium gaming assets, in-game items, and digital currencies from partners like @GamingOnAvax is now live — all in one place.Explore the full @Playfull collection now: https://t.co/8MRfWoSKfy https://t.co/S84hJ6Au5V ...

Core Insights - Rohit Prasad, the executive leading Amazon's AI model development, is leaving the company at the end of the year after two years of launching the Artificial General Intelligence group [1] - Prasad was instrumental in launching the Nova family of AI models, which, while efficient, still lag behind competitors like OpenAI's GPT, Anthropic's Claude Opus, and Google's Gemini [2] - Amazon is restructuring its AI initiatives, creating a new organization under Peter DeSantis to oversee AGI, AI models, silicon chip, and quantum computing efforts [2] - Pieter Abbeel, co-founder of Covariant, will now lead Amazon's frontier AI model research team following Prasad's departure [3] - The leadership changes at AWS include several recent departures and new hires, indicating a significant shift in the company's AI strategy [3][4]

Amazon's advertising business is accelerating, climbing 24% in the most recent quarter, reaching a $70 billion run rate. Prime Video is a key catalyst for that continued growth, as 80% of subscribers are on the ad-supported tier and Amazon adds more live sports content to the service. It has also partnered with several major streaming platforms through its demand-side ad-buying platform.The online retail business continues to produce high-single-digit revenue growth despite generating over $250 billion in a ...

Affirm (AFRM) stock closed nearly 12% higher on Dec. 16 after the financial technology company said Amazon (AMZN) has renewed its partnership with it for five more years. The announcement marks a crucial victory for AFRM as the e-commerce giant serves as one of its most important distribution channels and revenue resources. More News from Barchart Despite the rally, Affirm stock is down some 20% versus its year-to-date high set in August. www.barchart.com Significance of Amazon Partnership for Affirm ...

Amazon on Wednesday tapped long-time cloud executive Peter DeSantis to lead a new unit that would oversee its most advanced technologies, including artificial intelligence models, custom silicon and q... ...

Amazon appoints longtime AWS exec Peter DeSantis to lead new AI org https://t.co/ExzXnADirY ...