Amazon will invest up to USD 50 billion in OpenAI, a figure that hinges on whether OpenAI goes public or reaches an artificial general intelligence (AGI) milestone.
Amazon is committing an upfront investment of USD 15 billion, with an additional USD 35 billion contingent on Microsoft-backed OpenAI either achieving AGI or going public, under terms that are still being finalised. SoftBank and Nvidia are also each investing USD 30 billion in three instalments over the year as part of the funding round.
Reuters exclusively reported last year that OpenAI is laying the groundwork for an IPO that could value the company at up to USD 1 trillion.
Major tech companies and investors are scrambling to partner with OpenAI, which is shelling out on data centres, betting that deeper ties with the AI startup would put them ahead in the race to AI.
Amazon has been negotiating to invest tens of billions of dollars, which could reach USD 50 billion. That would make Amazon the largest investor in OpenAI, which is raising USD 50 billion in what could be its largest fundraising round yet.
Meanwhile, in other news, Capgemini has announced a strategic partnership with OpenAI to accelerate the next era of enterprise AI transformation with Frontier, OpenAI’s new platform for building, deploying, and managing AI workers that actually do work throughout the enterprise.
As a founding member of the OpenAI Frontier Alliance, Capgemini will focus on the business, data, organizational, and systems integration challenges clients face to deploy AI enterprise-wide. It will combine deep industry and domain-specific process expertise, data and governance capabilities, and ready-to-deploy digital and AI transformation assets to redefine how agents are built and run in their organisations to be deployed securely, operated reliably, and scaled across the business.
Capgemini, combining deep sector and domain experience, strategy and transformation capabilities, and advanced AI, data and cloud assets, will deliver integrated, end-to-end business transformation for clients globally. This will be backed by OpenAI research and product expertise across enterprise AI Cloud, agents, APIs, and ChatGPT Enterprise, building next-gen enterprise AI operating processes and reshaping multi-agent workflows to help clients accelerate time-to-value across the business.