Kate Clark

Amazon is in talks to invest up to $50 billion in OpenAI, in what would be a giant bet on the hot artificial intelligence (AI) startup. The ChatGPT maker is seeking up to $100 billion in new capital from investors, a round that could value it at as much as $830 billion. Investing tens of billions of dollars in OpenAI could make Amazon the biggest contributor in the AI company’s ongoing fundraising round.

Meta Platforms has agreed to acquire AI startup Manus, a Singapore-based company with Chinese founders that conducts deep research and performs other tasks for paying users. Meta is closing the deal at more than $2 billion. Manus was seeking a fresh round of fundraising with a valuation of $2 billion when Meta approached the startup. Manus’s co-founder and chief executive, Xiao Hong, who often goes by the nickname “Red,” will report to Javier Olivan, chief operating officer of Meta.