5 ms·

> Amazon will start with an initial $15 billion investment, followed by another $35 billion in the coming months when certain conditions are met. Those conditi

by pier25 8mo ago

> Amazon will start with an initial $15 billion investment, followed by another $35 billion in the coming months when certain conditions are met. Those conditions are an IPO or reaching AGI [1]. Nvidia and SofBank will pay in installments. Also very interesting that Microsoft decided to not invest in this round. A PR statement was made though [2]. [1] https://americanbazaaronline.com/2026/02/26/amazon-to-invest-50-billion-in-openai-depending-on-ipo-475942/ https://americanbazaaronline.com/2026/02/26/amazon-to-invest... [2] https://openai.com/index/continuing-microsoft-partnership/ https://openai.com/index/continuing-microsoft-partnership/

konschubert 8mo ago
So they’re getting in on the IPO. Are they going to get stock for it or is it a PIPE? Personally, I don’t think I want to get in on this at retail prices. It can both be true at the same time that AI going to disrupt our world and that being an AI lab is a terrible business.
- rvnx 8mo ago
  But will you have a choice once they enter the indexes ? People are automatically going to invest into that (circular) pyramid scheme.
  - konschubert 8mo ago
    Yea, I’m considering divesting from msci world into single stocks
- mattfrommars 8mo ago
  like the other comment, openai can force itself onto the massive index like VOO/FXAIX etc to make retail folks to provide liquidity exit for openai investors.
  - konschubert 8mo ago
    There is always the option to sell msci world and buy single stocks.
bpp 8mo ago
I'd assume the real trigger here is "reaching AGI," which would help OpenAI shrug off some of their Microsoft commitments thus making OpenAI models available on Amazon Bedrock. Which is what Amazon is really after.
Netcob 8mo ago
Once they "reach AGI", will they have a big party on a carrier with a "Mission Accomplished" banner?
- echelon 8mo ago
  [flagged]
  - candiddevmike 8mo ago
    > They just need to put all of the engineers on HN out of work. I think you've crossed the line from being an AI maxi to just rage baiting. This comment is a pointless anecdote at best, please take your ridiculous FOMO takes elsewhere.
  - hn_acc1 8mo ago
    So you now have 400Kloc of Rust code? Doing what? How much of that is "new"? I can't get Augment / Opus 4.5 to edit a few C++ files from within VSCode without going off on a wild goose chase or getting stuck in an infinite loop after I tell that it should be doing this: "oh, you're right, I need to do X", "To do X, I must understand how to do Y", "I see now that to do Y, I should look at at Z". "Let me look at Z", followed by: "oh, you're right, I need to do X"..
    - drivebyhooting 8mo ago
      To be fair, humans editing C++ also go on wild goose chases. Have you seen the insanity the C++ committee has ratified?
      - harry8 8mo ago
        not seeing anyone at all suggesting the work of the c++ committee is going to radicaly alter the efficiency of labour.
        drivebyhooting 8mo ago
oersted 8mo ago
It'd be interested in seeing how exactly the lawyers figured out how to define AGI. It must be a fairly mundane set of KPIs that they just arbitrarily call AGI, the term will probably devalue significantly in the coming years. The actual quote is this though: > hitting an AGI milestone or pursuing an IPO So it seems softer than actually achieving AGI or finalising an IPO.
paxys 8mo ago
Very convenient to put "AGI" in all these agreements because the term is fundamentally undefinable. So throw out whatever numbers you want and fight about it and backtrack later.
- bwfan123 8mo ago
  > fundamentally undefinable Incredible, how an entire religion has sprung up around AGI.
- ben_w 8mo ago
  The problem with AGI is not that it's undefinable, but that everyone has a different one. Kinda like consciousness in that regard. Fortunately, OpenAI already wrote theirs down. Well, Microsoft[0] says they did, anyway. Some people claimed it was a secret only a few years ago, and since then LLMs have made it so much harder to tell the difference between leaks and hallucinated news saying this, but I can say there's at least a claim of a leak[1]. [0] https://blogs.microsoft.com/blog/2026/02/27/microsoft-and-openai-joint-statement-on-continuing-partnership/ https://blogs.microsoft.com/blog/2026/02/27/microsoft-and-op... [1] It talks about it, but links to a paywalled site, so I still don't know what it is: https://techcrunch.com/2024/12/26/microsoft-and-openai-have-a-financial-definition-of-agi-report/ https://techcrunch.com/2024/12/26/microsoft-and-openai-have-...
- copx 8mo ago
  The definition used to be "passes the Turing test" .. until LLMs passed it.
  - davemp 8mo ago
    Extremely debatable. Especially because there is no "The Turing Test" [0] only a game and a few instances were described by Turing. I recommend reading the original paper before making bold claims about it. The bar for the interrogator has certainly be raised, but considering: - the prevalence "How many |r|'s are in the word 'strawberry'?" esque questions that cause(d) LLMs to stumble - context window issues It would be naive to claim that there does not exist, or even that it would be difficult to construct/train, an interrogator that could reliably distinguish between an LLM and human chat instance. [0]: https://archive.computerhistory.org/projects/chess/related_materials/text/2-0%20and%202-1.Computing_machinery_and_intelligence.turing/2-0%20and%202-1.Computing_machinery_and_intelligence.turing-alan.mind-59.1950.062303001.pdf https://archive.computerhistory.org/projects/chess/related_m...
asadotzler 8mo ago
All the major investments in these big rounds have come in tranches, right?
eikenberry 8mo ago
Has OpenAI laid out the specific definition of what an AGI is for this case? The one from their mission is quite vague and the general community has nothing close to a universal common definition... which means they will most likely just define it as what they already have when the timing is right.
- CSMastermind 8mo ago
  At least in their Microsoft contract it means $100 billion in profit, though they don't need to have actually made that money, they just need to show they're on track to do so.
- rvz 8mo ago
  > Has OpenAI laid out the specific definition of what an AGI is for this case? AGI is an IPO.
- NekkoDroid 8mo ago
  > Has OpenAI laid out the specific definition of what an AGI is for this case? Yes and it's actually hilarious: a system that can perform most economically valuable work better than humans, or specifically when the AI generates $100 billion in profits.

by pier25 8mo ago

konschubert 8mo ago

So they’re getting in on the IPO. Are they going to get stock for it or is it a PIPE? Personally, I don’t think I want to get in on this at retail prices. It can both be true at the same time that AI going to disrupt our world and that being an AI lab is a terrible business.

rvnx 8mo ago
But will you have a choice once they enter the indexes ? People are automatically going to invest into that (circular) pyramid scheme.
- konschubert 8mo ago
  Yea, I’m considering divesting from msci world into single stocks
mattfrommars 8mo ago
like the other comment, openai can force itself onto the massive index like VOO/FXAIX etc to make retail folks to provide liquidity exit for openai investors.
- konschubert 8mo ago
  There is always the option to sell msci world and buy single stocks.

bpp 8mo ago

I'd assume the real trigger here is "reaching AGI," which would help OpenAI shrug off some of their Microsoft commitments thus making OpenAI models available on Amazon Bedrock. Which is what Amazon is really after.

Netcob 8mo ago

Once they "reach AGI", will they have a big party on a carrier with a "Mission Accomplished" banner?

echelon 8mo ago
[flagged]
- candiddevmike 8mo ago
  > They just need to put all of the engineers on HN out of work. I think you've crossed the line from being an AI maxi to just rage baiting. This comment is a pointless anecdote at best, please take your ridiculous FOMO takes elsewhere.
- hn_acc1 8mo ago
  So you now have 400Kloc of Rust code? Doing what? How much of that is "new"? I can't get Augment / Opus 4.5 to edit a few C++ files from within VSCode without going off on a wild goose chase or getting stuck in an infinite loop after I tell that it should be doing this: "oh, you're right, I need to do X", "To do X, I must understand how to do Y", "I see now that to do Y, I should look at at Z". "Let me look at Z", followed by: "oh, you're right, I need to do X"..
  - drivebyhooting 8mo ago
    To be fair, humans editing C++ also go on wild goose chases. Have you seen the insanity the C++ committee has ratified?
    - harry8 8mo ago
      not seeing anyone at all suggesting the work of the c++ committee is going to radicaly alter the efficiency of labour.
      - drivebyhooting 8mo ago

oersted 8mo ago

It'd be interested in seeing how exactly the lawyers figured out how to define AGI. It must be a fairly mundane set of KPIs that they just arbitrarily call AGI, the term will probably devalue significantly in the coming years. The actual quote is this though: > hitting an AGI milestone or pursuing an IPO So it seems softer than actually achieving AGI or finalising an IPO.

paxys 8mo ago

Very convenient to put "AGI" in all these agreements because the term is fundamentally undefinable. So throw out whatever numbers you want and fight about it and backtrack later.

bwfan123 8mo ago
> fundamentally undefinable Incredible, how an entire religion has sprung up around AGI.
ben_w 8mo ago
The problem with AGI is not that it's undefinable, but that everyone has a different one. Kinda like consciousness in that regard. Fortunately, OpenAI already wrote theirs down. Well, Microsoft[0] says they did, anyway. Some people claimed it was a secret only a few years ago, and since then LLMs have made it so much harder to tell the difference between leaks and hallucinated news saying this, but I can say there's at least a claim of a leak[1]. [0] https://blogs.microsoft.com/blog/2026/02/27/microsoft-and-openai-joint-statement-on-continuing-partnership/ https://blogs.microsoft.com/blog/2026/02/27/microsoft-and-op... [1] It talks about it, but links to a paywalled site, so I still don't know what it is: https://techcrunch.com/2024/12/26/microsoft-and-openai-have-a-financial-definition-of-agi-report/ https://techcrunch.com/2024/12/26/microsoft-and-openai-have-...
copx 8mo ago
The definition used to be "passes the Turing test" .. until LLMs passed it.
- davemp 8mo ago
  Extremely debatable. Especially because there is no "The Turing Test" [0] only a game and a few instances were described by Turing. I recommend reading the original paper before making bold claims about it. The bar for the interrogator has certainly be raised, but considering: - the prevalence "How many |r|'s are in the word 'strawberry'?" esque questions that cause(d) LLMs to stumble - context window issues It would be naive to claim that there does not exist, or even that it would be difficult to construct/train, an interrogator that could reliably distinguish between an LLM and human chat instance. [0]: https://archive.computerhistory.org/projects/chess/related_materials/text/2-0%20and%202-1.Computing_machinery_and_intelligence.turing/2-0%20and%202-1.Computing_machinery_and_intelligence.turing-alan.mind-59.1950.062303001.pdf https://archive.computerhistory.org/projects/chess/related_m...

asadotzler 8mo ago

All the major investments in these big rounds have come in tranches, right?

eikenberry 8mo ago

Has OpenAI laid out the specific definition of what an AGI is for this case? The one from their mission is quite vague and the general community has nothing close to a universal common definition... which means they will most likely just define it as what they already have when the timing is right.

CSMastermind 8mo ago
At least in their Microsoft contract it means $100 billion in profit, though they don't need to have actually made that money, they just need to show they're on track to do so.
rvz 8mo ago
> Has OpenAI laid out the specific definition of what an AGI is for this case? AGI is an IPO.
NekkoDroid 8mo ago
> Has OpenAI laid out the specific definition of what an AGI is for this case? Yes and it's actually hilarious: a system that can perform most economically valuable work better than humans, or specifically when the AI generates $100 billion in profits.