CNBC's Kate Rooney reports on news regarding Amazon and OpenAI.

Amazon is reportedly in talks with OpenAI on custom AI models as a potential $50B investment and major funding round take shape.

As Amazon weighs an equity investment of tens of billions of dollars in OpenAI, the companies are also discussing a commercial agreement that could require OpenAI to dedicate its own researchers and engineers to developing customized models for powering Amazon’s own AI products,

Amazon is reportedly in talks to invest as much as $50 billion into Sam Altman’s OpenAI — in what would be a massive bet on the ChatGPT creator. Amazon boss Andy Jassy is leading negotiations with Altman,

OpenAI is in talks to raise close to $40bn from Nvidia, Microsoft and Amazon, three of its largest infrastructure providers, as part of its blockbuster $100bn funding round.

OpenAI is discussing a commercial agreement with Amazon to develop customized models the e-commerce giant could use to power its artificial intelligence products, including its Alexa voice assistant,

CEO Andy Jassy is leading the e-commerce giant’s negotiations with the ChatGPT maker.

AWS posted a 34.6% margin last quarter, with segment revenue up 20% Y/Y to $33B. Bloomberg consensus forecasts Q4 AWS revenue of $34.8B, with margins of about 34.43%.

Amazon.com is in talks to invest as much as $50 billion into OpenAI, per reports late Thursday, in a sign that the funding frenzy for AI shows no signs of stopping. Why it matters: The potential deal comes as Wall Street has been shunning the stocks of companies that have already partnered with OpenAI (see Microsoft's decline on Thursday) as investors worry whether the AI upstart behind ChatGPT will ultimately be able to pay off all its