In addition to a potential partnership with Amazon, OpenAI is looking to attract more investors. The company's current valuation is hovering around $500 billion.
In addition to a potential partnership with Amazon, OpenAI is looking to attract more investors. The company's current valuation is hovering around $500 billion.
According to The Information, OpenAI has held talks with investors to raise tens of billions of dollars in funding at a valuation of the company of $750 billion.
The talks are preliminary and details could change. OpenAI declined to comment on the information.
It was previously reported that OpenAI had begun preliminary talks with Amazon to attract investment of at least $10 billion.
For Amazon, the deal is a strategically important attempt to squeeze Nvidia, which currently dominates the AI chip market. While Amazon Web Services (AWS) remains the leader in cloud computing, the company is looking to prove that its own Trainium processors are a more cost-effective and efficient alternative to Nvidia's expensive GPUs.
