Amazon could invest up to $50B in OpenAI: report

Group 1 - Amazon is reportedly in negotiations to invest up to $50 billion in OpenAI, which would represent a significant commitment to the creator of ChatGPT [1] - OpenAI is seeking to raise up to $100 billion in a funding round that would value the company at $830 billion, with Amazon potentially being the largest single contributor [2][6] - Amazon has recently laid off approximately 16,000 employees, citing the need to streamline operations, with advancements in AI being acknowledged as a contributing factor to the restructuring [6] Group 2 - SoftBank, a major shareholder in OpenAI, is in discussions to invest an additional $30 billion into the company [7] - Other tech giants, including Nvidia and Microsoft, are reportedly in talks to collectively invest over $60 billion in OpenAI, with Amazon considering an investment of $20 billion or more [7][8] - OpenAI has declared a "code red" to enhance ChatGPT amid rising competition from Google and other tech companies, and is also contemplating going public [8]