From CNBC, December 16:
- OpenAI is in discussions with Amazon about a potential investment of $10 billion or more, though that number isn’t set, CNBC confirmed.
- The agreement would also include use of Amazon’s chips.
OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed on Tuesday.
The details are fluid and still subject to change but the investment could exceed $10 billion, according to a person familiar with the matter who asked not to be named because the talks are confidential. The Information first reported on the potential deal.
The discussions come after OpenAI completed a restructuring in October and formally outlined the details of its partnership with Microsoft, giving it more freedom to raise capital and partner with companies across the broader AI ecosystem.
Microsoft has invested more than $13 billion in OpenAI and backed the company since 2019, but it no longer has a right of first refusal to be OpenAI’s compute provider, according to an October release. OpenAI can now also develop some products with third parties.
Amazon has invested at least $8 billion into OpenAI rival Anthropic, but the e-commerce giant could be looking to expand its exposure to the booming generative AI market. Microsoft has taken a similar step and announced last month that it will invest up to $5 billion into Anthropic, while Nvidia will invest up to $10 billion in the startup....
....MUCH MORE
As can be seen in the simplified flowchart from "Reformatting flow diagrams for explaining complex processes," it all boils down to money:
Related:
March 2011 - The computer model that once explained the British economy (and the new one that explains the world)
....Genius.
Here's the original Phillips (he of the curve) Machine:
Here's the schematic, from the New York Times:
Two weeks ago, while visiting Cambridge University, I arranged to have lunch with my friend Allan McRobie. He’s a professor of engineering, so it seemed a bit strange that he kept insisting we meet at the department of applied economics. “There’s something there you’ve really got to see,” he said in his Liverpudlian lilt. “It’s utterly fab. Just brilliant. The Phillips machine — it uses water to predict the economy.”...MORE
And here's the latest incarnation:
Genius squared.
The second schematic is from a post on GE's Mark I nuclear reactor at ZeroHedge!
