Amazon Smartphone Plans, OpenAI Funding Talks

Amazon is reportedly exploring a comeback in the smartphone market with a new internal project codenamed 'Transformer,' over a decade after the Fire Phone's failure. Meanwhile, OpenAI is seeking to raise capital by forming joint ventures with private equity firms, offering a guaranteed minimum return of 17.5% and early access to its AI models. This strategy aims to fund enterprise AI product development and compete with rivals like Anthropic.