[pier25]

> 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...

[2] https://openai.com/index/continuing-microsoft-partnership/

[Netcob]

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

[oersted]

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.

[bpp]

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.

[paxys]

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]

> fundamentally undefinable

Incredible, how an entire religion has sprung up around AGI.

[ben_w]

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-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-...

[copx]

The definition used to be "passes the Turing test" .. until LLMs passed it.

[eikenberry]

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.

[NekkoDroid]

> 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.

[CSMastermind]

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]

> Has OpenAI laid out the specific definition of what an AGI is for this case?

AGI is an IPO.

[asadotzler]

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

[konschubert]

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]

But will you have a choice once they enter the indexes ? People are automatically going to invest into that (circular) pyramid scheme.

[mattfrommars]

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.