OpenAI is reportedly planning to raise at least $10 billion from Amazon and use its AI chips

According to The Information, OpenAI is negotiating with Amazon to raise at least $10 billion from Amazon and use Amazon's AI chips. One insider said this investment would push OpenAI's valuation beyond $500 billion.

It is reported that Amazon and OpenAI have explored commercial collaboration opportunities. OpenAI aims to turn ChatGPT into a shopping hub and plans to earn commissions by directing customers to retailers. It is still unclear whether the collaboration between Amazon and OpenAI will involve such features of ChatGPT or arrangements related to the AI shopping capabilities that Amazon is developing for its own applications. Insiders indicated that OpenAI also hopes to sell an enterprise version of ChatGPT to Amazon.