Amazon finalizes $50 billion stake in OpenAI

According to a US SEC filing, Amazon has wrapped up its $50 billion funding deal with OpenAI. The investment was distributed as $15 billion in Q1, $13.7 billion in Q2, and a final $21.3 billion following June 30. This transaction secures Amazon a roughly 5% ownership interest as OpenAI prepares for its upcoming IPO.

by shortkt.com
3 hours ago
Amazon finalizes $50 billion stake in OpenAI | ShortKT