OpenAI Raises $110B With Backing From SoftBank, Nvidia and Amazon
OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion, in a deal that signals the feverish…
Amazon’s $50B OpenAI Investment Tied to IPO or AGI Milestone: Report
Amazon's plan to invest up to $50 billion in OpenAI could depend on whether the AI developer goes public or achieves an artificial general intelligence (AGI) milestone, The Information reported…
Amazon to Invest $12B in Louisiana Data Centres
Amazon said it expects to invest $12 billion in Louisiana as part of a plan to build data centres in the Pelican State. The Seattle-based online retailer said the data…
Amazon plans AI content marketplace for publishers, The Information reports
Amazon has signaled to publishing industry executives that it is planning to launch a marketplace where publishers can sell their content to firms offering artificial intelligence products, The Information reported…
Trump plans to exempt Amazon, Google, Microsoft from chip tariffs for AI data centers
U.S. President Donald Trump's administration plans to spare firms such as Amazon, Google and Microsoft from upcoming tariffs on chips as they build AI data centers, the Financial Times reported…
Amazon slides 8% premarket as AI spending spooks investors
Amazon shares dropped 8% in premarket trading on Friday after the company's hefty capital expenditure plans deepened investor worries over Big Tech's spending spree on artificial intelligence. Massive AI spending…
Saks Global ending e-commerce partnership with Amazon, source says
New York: Bankrupt retailer Saks Global is ending its "Saks on Amazon" partnership with e-commerce giant Amazon.com, a source with direct knowledge of the decision said on Friday. The partnership…
Amazon in talks to invest up to $50 billion in OpenAI
Amazon is in talks to invest dozens of billions in ChatGPT-maker OpenAI and the figure could be as high as $50 billion, a source told on Thursday. The discussion is…
Nvidia, Amazon, Microsoft in Talks to Invest $60B in OpenAI, The Information reports
Nvidia, Amazon, and Microsoft are in talks to invest up to $60 billion in OpenAI, The Information reported on Wednesday. Nvidia, an existing investor whose chips power OpenAI's AI models,…
Amazon accidentally tips off AWS staff to looming layoffs with early email invite
San Francisco: Amazon on Tuesday appeared to have prematurely alerted Amazon Web Services cloud-computing employees to layoffs planned for Wednesday morning by sending a commiseration email and team-wide meeting invitation…