Amazon.com, Inc. (AMZN) is in talks to invest up to $50 billion in OpenAI, aiming to become the largest contributor to OpenAI’s fundraising round. OpenAI, valued at an estimated $830 billion, is seeking up to $100 billion in capital and preparing for a potential $1 trillion IPO.

Amazon.com, Inc. (AMZN) confirmed 16,000 corporate job layoffs, representing over 10% of its workforce, following store closures and discontinued initiatives. The company cited efforts to reduce bureaucracy and increase efficiency, with potential future changes. Shares dropped by 2.1% as a result, with earnings expected next week.

Amazon.com, Inc. (AMZN) is a well-known online retailer and marketplace for third-party sellers. The company is exploring investments in OpenAI and undergoing significant corporate job layoffs to streamline operations and improve efficiency.

While Amazon.com, Inc. (AMZN) is a strong investment option, other AI stocks may offer greater upside potential and lower downside risk. Investors seeking undervalued AI stocks with growth potential should consider alternatives to AMZN.

Read more at Yahoo Finance: Amazon.com, Inc. (AMZN) is in Talks to Invest Up to $50 billion in OpenAI, Source Reports