Amazon Taps OpenAI to Boost AI Footprint: More Upside Ahead?

Key Takeaways AMZN plans up to $50B investment in OpenAI to expand its AI footprint and AWS role.AWS will power OpenAI models, with expanded compute deals and 2GW Trainium capacity.Amazon faces rising capex and lower free cash flow amid aggressive AI spending.Amazon.com (AMZN) made a significant move to deepen its AI footprint recently, announcing a multi-year strategic partnership with OpenAI alongside a commitment to invest up to $50 billion in the ChatGPT-maker. The initial tranche of $15 billion will be ...