Topic: amazon investment
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Amazon Eyes $10 Billion OpenAI Investment in Major AI Deal
Amazon is reportedly in talks to invest up to $10 billion in OpenAI, a deal that could value OpenAI at over $500 billion and involve the use of Amazon's AI chips. This move is part of Amazon's broader strategy to expand its AI influence, following a major investment in competitor Anthropic and th...
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Whole Foods to Roll Out Smart Food Waste Bins in 2027
Whole Foods Market will install Mill's smart food waste bins nationwide starting in 2027, backed by an Amazon investment, to tackle the grocery sector's massive food waste problem. The bins use sensors to provide data analytics on discarded produce, helping identify supply chain inefficiencies to...
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OpenAI Seeks $100B Funding at $830B Valuation
OpenAI is negotiating a funding round of up to $100 billion, which could raise its valuation to $830 billion and is targeting a close by the end of Q1 next year. The capital is critical for OpenAI's ambitious AI development plans, covering massive compute costs like AI inferencing, as its scale m...
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