Amazon wants to stay in the race for artificial intelligence and is already planning its next investment: OpenAI, the company that owns the ChatGPT tool. The North American e-commerce giant is in negotiations with the start-up most valuable in the world to invest up to 50,000 million dollars, as reported this Thursday The Wall Street Journal.
The conversations are being led by Amazon CEO Andy Jassy and his counterpart at OpenAI, Sam Altman, the creator of ChatGPT. The negotiations are framed in a context in which the main creator of artificial intelligence tools is seeking up to $100 billion in new capital from investors, according to information from the American newspaper.
Likewise, as noted by Bloomberg, Altman has also met with major investors in the Middle East for a financing round that could value the ChatGPT maker at up to $830 billion. At the moment, none of the companies have commented.
In the context of its commitment to carve out an important niche in the world of artificial intelligence, Jeff Bezos’ company announced last December the launch, through its Amazon Web Services (AWS) division, of a new AI chip that would challenge Nvidia, the current leader in this market. Shortly before, the technology giant also announced another investment of up to $50 billion in expanding its capacity to provide artificial intelligence infrastructure and high-performance computing services to US government entities.
The news comes just one day after Amazon announced that it will cut 16,000 jobs worldwide, in a second major round of layoffs in the last three months. The adjustment is part of a strong restructuring launched by the American technology giant, following the over-hiring recorded during the years after the pandemic and the expansion of the adoption of artificial intelligence tools. The layoffs would affect workers in Amazon Web Services, retail, Prime Video and human resources. As a whole, the company has nearly 1.5 million employees worldwide.
Amazon, which presents its fourth quarter results next week, also announced the closure of its physical Amazon Fresh and Amazon Go stores in the US to focus its efforts on sales. on-line and home deliveries. This reorganization will also mean the dismissal of hundreds of workers from these establishments, although the group indicated that it will work on relocating these personnel to other internal positions.
Looking ahead to the aforementioned 2025 accounts, Amazon is close to exceeding $700 billion in revenue, which would be a new record. The group founded by Jeff Bezos recorded a business volume of 503,538 million between January and September, with a growth of 13% in the third quarter. For the fourth quarter, Amazon forecast sales between 206,000 and 213,000 million, with growth between 10% and 13%.
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