Amazon Finalizes $50 Billion OpenAI Investment With Series C Preferred Stock

Amazon closes full $50B OpenAI stake via Series C preferred shares, with conversion to common stock pending IPO and standard lock-up periods.

Woofun AI reports that Amazon has finalized its total $50 billion investment in OpenAI, as detailed in its 10-Q filing. The capital deployment includes a $15 billion Series C preferred stock purchase in Q1, followed by $13.7 billion in Q2 and the remaining $21.3 billion post-period. Amazon noted that these preferred shares will convert to common stock upon an IPO or liquidity event, subject to customary lock-up restrictions.