OpenAI may need to IPO or achieve AGI to get all of Amazon’s $50 billion investment
A month ago, word got out that Amazon was planning to invest up to $50 billion in OpenAI as part of a larger $100 billion funding round. Now, it seems that money might be dependent on OpenAI pulling off one of two massive goals: a successful IPO, or achieving artificial general intelligence (AGI).
OpenAI is in a heated race against rival Anthropic to be the first big generative-AI startup to IPO, which the former is reportedly trying to do by Q4 of this year.
AGI is still a squishy concept, but is generally described as an AI system that is better than humans at pretty much everything. When the much-hyped AGI goal might be achieved is the subject of rampant speculation.
The Information reports that negotiations between Amazon and OpenAI are still ongoing, but they may include an agreement for OpenAI to build custom models for Amazon, which could be used in Alexa.
The $100 billion fundraising round is reported to value OpenAI at around $730 billion.
OpenAI is in a heated race against rival Anthropic to be the first big generative-AI startup to IPO, which the former is reportedly trying to do by Q4 of this year.
AGI is still a squishy concept, but is generally described as an AI system that is better than humans at pretty much everything. When the much-hyped AGI goal might be achieved is the subject of rampant speculation.
The Information reports that negotiations between Amazon and OpenAI are still ongoing, but they may include an agreement for OpenAI to build custom models for Amazon, which could be used in Alexa.
The $100 billion fundraising round is reported to value OpenAI at around $730 billion.
