Amazon Bets On OpenAI To Protect Commerce

At the World Economic Forum in Davos, Amazon CEO Andy Jassy outlined AI plans to blend online and physical shopping, and Reuters reports Amazon is in advanced talks to invest about $10 billion in OpenAI, potentially valuing it above $500 billion. Facing competition from OpenAI, Google and Microsoft shopping agents, Amazon is testing features like "Buy For Me" to keep transactions inside its ecosystem.