New Delhi, Feb. 27 -- E-commerce giant Amazon has planned to invest $50 billion in OpenAI, starting with an initial $15 billion and followed by another $35 billion in the coming months, the companies announced on Friday.

"OpenAI and Amazon today announced a multi-year strategic partnership to accelerate AI innovation for enterprises, startups, and end consumers around the world. Amazon will also invest $50 billion in OpenAI, starting with an initial $15 billion investment and followed by another $35 billion in the coming months when certain conditions are met," the release read.

(This is a developing story. Check back for further updates.)

Published by HT Digital Content Services with permission from MINT....