Amazon invests $50B in OpenAI and expands AWS deal to $138B. Analysis of stateful runtime, Frontier distribution, Azure exclusivity and what it means for enterprise AI.

Amazon's $50 billion OpenAI investment made big headlines, but the SEC filings tell a more complicated story.

OpenAI's latest funding round is even bigger than its prior financing, which was a record amount for private tech companies.

"We think they’ll be one of the big winners in AI, we can help them grow, and we believe we’ll earn a strong return for Amazon over the long term," said Amazon CEO Andy Jassy.

Following is the unofficial transcript of a FIRST ON CNBC interview with Amazon CEO Andy Jassy and OpenAI CEO Sam Altman with ...