Amazon is in talks with OpenAI to potentially invest $50 billion into the artificial intelligence startup, according to The Wall Street Journal, potentially valuing the company as high as $830 billion.
Some back-of-napkin math suggests OpenAI is spending more than a quarter of what it’s making to power the AI slop factory.
OpenAI has gone wild with compute deals this year, committing to spend far more than its balance sheet can currently sustain. So who takes the fall if it can’t pay? It won’t be Altman.
Jeff Bezos’ stake in Amazon is up almost $30 billion since Friday.
Artificial intelligence products are launching at a rapid pace as the sector’s largest companies battle for supremacy and secure increasingly large valuations worth hundreds of billions of dollars.
OpenAI has agreed to purchase and deploy 6 gigawatt worth of AMD’s AI chips.
The generative AI platform says it’s rolling out a new set of protections to keep under 18s ‘safe’, including parental control features.
Atlassian, Canva, and CBA already have contracts with the Silicon Valley-headquartered tech disruptor. A new office opening in Sydney this year expands OpenAI’s reach in Australia.
The OpenAI CEO is challenging his former friend. Twitter, Tesla and even Neuralink are in his sights
At Meta, a chaotic culture and lack of vision have led to brain drain, with rivals saying its AI talent is lacklustre. But Zuckerberg’s frenzied hiring spree hasn’t stopped the departures.