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Amazon to Invest Remaining $21.3 Billion in OpenAI Series C Preferred Shares

Amazon to Invest Remaining $21.3 Billion in OpenAI Series C Preferred Shares

Photo: TokenPost

Amazon announced it would direct the remaining $21.3 billion of its investment commitment to OpenAI’s Series C preferred shares during the third quarter. The amount is described as the balance of Amazon’s commitment, and the planned investment targets a specific class of OpenAI shares. The planned allocation would direct a substantial sum to OpenAI’s preferred-share financing. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost

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