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Amazon in talks to invest more than $10bn in OpenAI

Deal could push AI start-up’s valuation above $500bn and involve it using the cloud giant’s chips

Amazon is in talks to invest more than $10bn in OpenAI and sell it more chips and computing power, in the latest investment deal tying the AI start-up to its infrastructure providers.

Amazon is discussing an agreement that would push OpenAI’s valuation above $500bn, according to people familiar with the matter.

Any deal is expected to include OpenAI using Amazon’s Trainium series of AI chips and renting more data centre capacity to run its models and tools such as ChatGPT, the people said.

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