Amazon said it plans to invest the remaining $21.3 billion it had committed into OpenAI’s Series C preferred stock during the third quarter, according to a ChainCatcher newsflash. The source item was brief and did not provide additional details on the structure of the investment, the exact timing within the quarter, or any related transaction terms. No further information was disclosed in the original report beyond the size of the commitment, the quarter in which Amazon said it would make the investment, and the fact that the funds are directed to OpenAI’s Series C preferred shares. The report was categorized under technology news by ChainCatcher.
Amazon said it will invest the remaining $21.3 billion it had committed to OpenAI’s Series C preferred stock in the third quarter, according to ChainCatcher.
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