Just when you thought the circular dealmaking across the AI scene couldn’t pick up any more traction, news breaks that e-commerce and hyperscaler Amazon (NASDAQ:AMZN) is chatting with OpenAI about a potential $10 billion investment and a deal to start using Amazon chips.

Fitzgerald points out that OpenAI does not have the cash to honor the $38 billion cloud-spending commitment it announced with Amazon earlier this year — let alone a “fraction of a percentage” to the more than $1 trillion in aggregate spending commitments it has floated across cloud providers, chipmakers and infrastructure partners.

OpenAI is in talks with Amazon ( AMZN +0.20%) aimed at raising an investment of at least $10 billion, first reported by The Information. Microsoft ( MSFT +0.33%) has invested over $13 billion in the AI pioneer since 2019, though after a recent restructuring OpenAI is free to pursue new partners.

As reported by News.Az, citing Reuters, Amazon is considering an investment of around $10 billion, although the talks remain at an early and fluid