Sam Altman leaving OpenAI will benefit Amazon: Kantrowitz

on Nov 19, 2023
  • Kantrowitz says OpenAI ousting its CEO puts AMZN in a stronger position.
  • The tech expert explained why in a recent interview with CNBC.
  • Amazon stock has gained about 20% in less than two months.

Follow Invezz on Telegram, Twitter, and Google News for instant updates > 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

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

Amazon is in a strength position saying anybody can come to us. The CEOs we work with are still in their jobs. I think that’s going to put them in an even stronger position to take the lead.

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.

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Kantrowitz shares view on AI at large

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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:

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Everybody has access to same tech that OpenAI rose to fame. Companies begin on OpenAI, then they move to where they can use any model, then the bigger they get, they move to open source.

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.


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