{"text":[[{"start":8.16,"text":"Amazon has completed a $50bn investment in OpenAI, building a roughly 5 per cent stake in the ChatGPT maker ahead of a public listing expected next year."}],[{"start":17.6,"text":"Amazon invested $15bn into the AI company led by Sam Altman in February as part of a broader commercial partnership. The ecommerce and cloud giant said it would invest a further $35bn if certain milestones, including a public offering or a breakthrough in AI, were achieved."}],[{"start":35.04,"text":"The company has now invested the full sum, providing the lossmaking start-up with fresh firepower despite neither of those conditions being met, according to disclosures in its financial results published on Friday."}],[{"start":47.291,"text":"The investment more closely binds the companies, adding a large equity stake to a complex array of commercial agreements covering chips and other computing resources as well as cloud services."}],[{"start":58.301,"text":"It also bolsters OpenAI’s ability to train new AI models, a hugely costly task viewed as essential to remain competitive with other frontier labs such as Anthropic, Google and Chinese rivals."}],[{"start":72.88,"text":"The $852bn start-up received the final tranche this week, taking Amazon’s position to roughly 5 per cent, according to a person with knowledge of the deal."}],[{"start":80.453,"text":"Amazon agreed to invest the full amount after OpenAI renegotiated a contract with Microsoft in April, opening the way for other cloud providers including AWS to serve OpenAI, they added."}],[{"start":92.053,"text":"Prior to that renegotiation, the FT reported that Microsoft was weighing legal action for a potential breach of contract related to OpenAI’s deal with Amazon."}],[{"start":101.28,"text":"The Seattle-based group has also backed rival Anthropic and is leveraging the two companies to drive uptake of its own Trainium chips — which compete with Nvidia’s market-leading hardware and rival technology including Google’s TPU. Amazon is also seeking to ensure the two AI labs’ models are available for its cloud customers."}],[{"start":121.52,"text":"Amazon has committed as much as $33bn in the Claude maker, of which $18bn has been invested to date, it disclosed on Friday. Amazon declined to comment on the size of its stake in OpenAI."}],[{"start":138.66,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1785714506_1654.mp3"}