Shares of Amazon.com Inc. (NASDAQ: AMZN) lost 2.66% over the past five trading sessions after losing 2.33% the five prior. ...

Amazon is in talks to invest more than $10bn (£7.5bn) in OpenAI, in the latest funding deal being struck by the startup behind ChatGPT.If it goes ahead, the market valuation of OpenAI could rise above $500bn, according to The Information, a tech news site that revealed the negotiations.Amazon, which is best known as an online retailer, is also the world’s largest datacentre provider and its investment would help OpenAI pay for its commitments to rent capacity from cloud computing companies – including Amazo ...

Amazon's investment would be tied to an agreement for OpenAI to use the e-commerce company's in-house Trainium chips, according to a report. ...

Core Insights - Amazon is in early discussions to invest up to $10 billion in OpenAI, potentially valuing the AI lab at over $500 billion [1][3] - This investment aligns with Amazon's strategy to diversify its AI initiatives, having previously invested $8 billion in Anthropic, a competitor to OpenAI [2] - OpenAI's transition to a for-profit model allows it greater flexibility to engage with investors beyond Microsoft, which holds a 27% stake [3] Investment Dynamics - The potential deal between Amazon and OpenAI reflects a trend where major hardware manufacturers and cloud providers collaborate with emerging AI companies, facilitating mutual benefits [4] - OpenAI has previously made strategic investments, including a $350 million equity investment in CoreWeave, which in turn purchased chips from Nvidia, enhancing both companies' revenue streams [5] - In October, OpenAI acquired a 10% stake in AMD and entered into a chip usage agreement with Broadcom, further solidifying its partnerships in the tech ecosystem [5]

Core Insights - Amazon is reportedly in discussions to invest approximately $10 billion in OpenAI, which could value the AI startup at over $500 billion [2][3] - OpenAI is preparing for an initial public offering (IPO) that could value the company at up to $1 trillion [3] - The investment discussions highlight OpenAI's ability to expand its partnership base after transitioning from its non-profit origins and finalizing its deal with Microsoft [4] Investment Details - The potential investment from Amazon may lead to a larger funding round involving other investors [2] - Amazon aims to utilize its Trainium chips, which compete with Nvidia and Google's offerings, in conjunction with OpenAI's technology [2] Strategic Partnerships - OpenAI is looking to sell an enterprise version of ChatGPT to Amazon, although it remains unclear if this includes integration into Amazon's shopping features [3] - The existing agreement with Microsoft grants exclusive intellectual property rights to OpenAI's technology until 2032, while allowing Microsoft to pursue artificial general intelligence (AGI) independently [5] Industry Trends - Companies are consolidating AI tools into unified platforms to support core workflows and manage operational complexities, marking a shift in enterprise AI adoption [6][7]

Accenture plc (NYSE:ACN) heads into Thursday’s earnings with its share price down roughly 22% this year, as slowing contract momentum and macro uncertainty have overshadowed what management pitches as strong AI-enabled growth opportunities. For traders, the question is no longer whether Accenture can beat on earnings— but whether guidance and bookings can offset the impact of government austerity and competition from its cloud rivals. What To Watch In Q1 PrintWall Street is forecasting $3.72 per share on re ...

Core Insights - OpenAI is diversifying its chip suppliers to reduce dependency on NVIDIA, which currently dominates the market for AI training and operational chips [2][3] - Amazon is attempting to enhance its AI chip offerings to compete in the cloud services market, aiming to attract companies like OpenAI to use its chips [4][5] - The Chinese chip market is experiencing significant growth, highlighted by the IPO of Meta X, which saw its shares rise nearly 700%, indicating strong retail investor interest [6][8] Chip Market Dynamics - OpenAI is exploring partnerships with AMD and Amazon to lower operational costs and increase competitiveness in the AI chip space [3] - The Chinese chip company Meta X has achieved a market capitalization of $47 billion shortly after going public, showcasing the potential for local players in the absence of NVIDIA's chips in China [6][8] - The multiples for Chinese chip stocks are significantly higher than those of NVIDIA, reflecting intense market speculation [8] Competitive Landscape - China is making progress in chip development but remains behind global leaders like NVIDIA, particularly in advanced chip technology [9][10] - Domestic Chinese companies, such as Alibaba and Deep Sea, are adopting an open-source approach to AI services, supported by government initiatives [11][12] - The future of China's chip industry is uncertain, with ongoing debates in Washington regarding the capabilities of domestic players and their reliance on local manufacturing [13][14]

Group 1 - The stock markets have seen a significant underperformance of small- and mid-cap stocks compared to large-cap stocks this year [1] - There is a general consensus among analysts regarding the trends affecting these stocks [1] Group 2 - Gary Alexander has extensive experience in covering technology companies and has been involved with seed-round startups [1] - He has been a contributor to Seeking Alpha since 2017 and has been quoted in various web publications [1]

Sam Altman-led OpenAI is reportedly in talks with Amazon.com Inc. (NASDAQ:AMZN) about a potential investment that could exceed $10 billion and a deal to use its artificial intelligence (AI) chips. The news was first reported by The Information on Tuesday and later by several news outlets, including CNBC and Reuters. OpenAI and Amazon did not immediately respond to Benzinga‘s requests for comment. OpenAI Diversifies Deals As AI Race Heats UpThe move follows OpenAI’s recent restructuring and its expanded capa ...

Investor Martin Shkreli, popularly referred to as the “Pharma Bro,” released the traffic data of leading AI websites while highlighting the stark disparities in the usage of popular chatbots. ChatGPT, Gemini Lead The ChargeOn Tuesday, in a post on X, Shkreli said, “55 billion minutes” were spent on leading AI sites last month, while adding that OpenAI’s ChatGPT and Alphabet Inc.’s (NASDAQ:GOOG) Gemini dominated on traffic and engagement, making up 64% and 15% of total user minutes, respectively. Without spe ...