Summary
Amazon and OpenAI have made a deal where Amazon will invest up to $50 billion in OpenAI. This agreement allows Amazon to use OpenAI's services and offer a new type of AI computing to businesses. The deal also means Amazon might get ahead in the AI market.
Key Facts
- Amazon announced a partnership with OpenAI involving a $50 billion investment.
- Amazon will be able to provide a new AI service called "stateful runtime environment."
- This service allows AI algorithms to remember previous interactions, similar to ChatGPT.
- Microsoft has an existing agreement with OpenAI for traditional API services, which differ by not sharing user queries.
- Amazon's deal allows them to sell OpenAI services and customize models for their purposes.
- The agreement could boost Amazon's position in the AI market, competing with Microsoft and Google.
- OpenAI will use more of Amazon's chips and cloud services for their projects.
