Sam Altman leaving OpenAI will benefit Amazon: Kantrowitz

Amazon.com Inc (NASDAQ: AMZN) will likely benefit the most now that OpenAI has ousted Sam Altman as its Chief Executive, says Alex Kantrowitz – the Founder of Big Technology.

Amazon invested billions in Anthropic

In September, the tech behemoth invested about $4.0 billion in Anthropic to expand its footprint in artificial intelligence. According to Kantrowitz:

He did, however, agree that weakness in OpenAI will help several other names as well including Google that’s close to launching its potentially more powerful model dubbed Gemini.

Amazon stock has gained about 20% in less than a month.

Kantrowitz shares view on AI at large

Interestingly, Kantrowitz was convinced even before the Altman news that OpenAI will eventually see weakness. Explaining why on CNBC’s “Fast Money”, he said today:

And that’s good news for artificial intelligence at large as it signals a rise in competition, he added. Note that OpenAI board is now reportedly in talks to bring Sam Altman back as the top boss.

The Microsoft-backed AI company that’s behind the ever-so famous ChatGPT has already surpassed $1.3 billion in revenue as Invezz reported here.