OpenAI, valued at $500 billion, is seeking an additional $100 billion in investment that could raise its valuation to $830 billion.

The Wall Street Journal reports Amazon is in talks to contribute at least $50 billion to the funding round. Amazon CEO Andy Jassy is leading the negotiations with OpenAI CEO Sam Altman. TechCrunch contacted both companies for comment.

OpenAI has also held discussions with sovereign wealth funds in the Middle East. The New York Times reported additional talks with Nvidia, Microsoft, and SoftBank. The funding deal is expected to close by the end of the first quarter.

You Might Also Like
Sony acquires UK startup Cinemersive Labs to boost 3D visuals
Sony acquires UK startup Cinemersive Labs to boost 3D visuals
Tim Cook revealed during the Apple earnings call that the tech giant will not be laying off employees, despite the lackluster sales of the newest iPhone and...
Tim Cook reveals during Apple earnings call that there will be no layoffs
Nintendo wins $2m judgment over Switch modding
Nintendo wins $2M judgment over Switch modding

Amazon maintains close ties to OpenAI rival Anthropic. Amazon Web Services serves as Anthropic’s primary cloud and training provider. Amazon has invested at least $8 billion in Anthropic and recently opened an $11 billion data center campus in Indiana dedicated to running Anthropic models.

Featured image credit