Amazon is currently in advanced negotiations to invest approximately 10 billion dollars (about 8.52715 billion euros) in OpenAI, the company behind ChatGPT, in a deal that could place the technology company’s valuation above 500 billion dollars, according to reports from The Information.
The negotiation includes Amazon’s entry into OpenAI’s capital as well as an agreement for Sam Altman’s company to use Trainium artificial intelligence chips and the AWS cloud infrastructure.
This potential agreement comes at a time of maximum financial strain for OpenAI, which has already committed more than 1.4 trillion dollars to data infrastructure and technology supplier agreements with Oracle, Nvidia, AMD, and Broadcom in order to continue training and deploying next-generation models. The transaction would also establish Amazon as an important new strategic partner, alongside Microsoft, Nvidia, SoftBank, and other major funds, in what is considered the most sought-after shareholder base in the technology sector.
Amazon’s entry would be added to a network of corporate alliances that OpenAI has developed in recent months to fund its expansion and secure large-scale computing capabilities. In October, the company redefined its agreement with Microsoft, maintaining Microsoft as a “frontier model partner” but eliminating Azure’s right of first refusal as the sole cloud provider, and committing to purchase an additional 250 billion dollars in Microsoft cloud services.
Simultaneously, OpenAI finalized a major contract with Oracle, valued at approximately 300 billion dollars in cloud capacity over five years as part of the Stargate project, aimed at deploying up to 10 gigawatts of AI data centers in the United States. This diversification of providers—Microsoft, Oracle, and now presumably AWS—explains why the company requires an unprecedented flow of financing, and why Amazon perceives a strategic opportunity in acquiring a stake in ChatGPT precisely as the next generation of models takes shape.
Amazon’s wager on OpenAI follows an investment of up to 8 billion dollars in Anthropic, creator of Claude, with the aim of positioning AWS as the leading intermediary for infrastructure required for generative AI. With this new move, the Seattle giant would transition from backing a rival of OpenAI to also holding equity in the sector’s leading company, in a maneuver that strengthens its influence on both sides of the foundational model competition.
According to available information, the transaction with OpenAI would include not only capital but also extensive use of Amazon’s Trainium chips, which are designed to compete with Nvidia’s GPUs and Google’s TPUs. For Amazon, securing a customer that could reach a valuation of one trillion dollars to utilize its chips and data centers would be a major boost to its positioning against Nvidia in the most dynamic segment of the technology market.
The possible agreement with Amazon should not be viewed in isolation, but rather as yet another link in a chain of multi-billion dollar transactions that OpenAI has undertaken to sustain its growth. Alongside its cloud agreements with Microsoft and Oracle, the company has forged a partnership with Nvidia involving an investment of up to 100 billion dollars and the construction and implementation of 10 gigawatts of AI data centers using the chip manufacturer’s systems, thereby reinforcing the hardware backbone required for its models.
In terms of strategic clients, OpenAI has also managed to attract giants like Disney, which will invest 1 billion dollars and become its first major content licensing partner, enabling users to generate videos with more than 200 characters using Sora and ChatGPT Images. In exchange, Disney will receive warrants to increase its future stake, deploy ChatGPT internally, and use OpenAI’s APIs to create new experiences, including functionalities for Disney+, thus integrating generative AI into the core of its entertainment business.
Despite the entry of new partners, Microsoft continues to occupy a central position in the OpenAI ecosystem. The agreement’s renewal in October 2025 maintains the Redmond-based company as a “frontier model partner,” with exclusive intellectual property and commercialization rights for OpenAI’s models through Azure until Artificial General Intelligence (AGI) is achieved.
However, the new stage of the agreement introduces greater flexibility for OpenAI: the company may jointly develop products with third parties, offer APIs to U.S. national security clients regardless of the cloud provider, and launch open-weight models that comply with certain criteria. This rebalancing of the agreement helps explain why it is now possible for Amazon to enter as a significant investor and technology partner without disrupting the Microsoft–OpenAI axis, although it does introduce a subtle competition between Azure and AWS for a greater share of the startup’s computing expenditure.
If the agreement is finalized, Amazon would join Microsoft, Nvidia, SoftBank, and other major funds at the shareholder table, in a capital structure where governance stability and potential conflicts of interest have already sparked public debate. The investment would also arrive at a time when OpenAI is preparing for a possible initial public offering that could value the company at as much as one trillion dollars, thereby consolidating it as one of the most valuable assets in the world.
For the cloud market, Amazon’s entry as a supplier of chips and capacity to OpenAI would be both a high-profile and commercial coup, reinforcing the notion that no player can afford to be excluded from the orbit of the company that has popularized generative AI. For OpenAI itself, it would add a new layer of cross-dependence: increased access to capital and hardware in exchange for further sharing its future among several giants that, in many areas, also compete with one another.
Image: Gemini
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