Amazon said on Sept. 25 it will invest up to $4 billion in cash in the high-profile startup Anthropic, a rival to ChatGPT creator OpenAI, in its effort to step up the race against growing cloud computing competitors such as Microsoft and Google.
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What Amazon's up to $4B commitment to Anthropic could mean for AI spaceAmazon (AMZN) has made an investment in the AI firm Anthropic, announcing their willingness to commit up to $4 billion this morning. Anthropic will utilize Amazon's Web Services (AWS) along with their custom chips to facilitate the training and deployment of their AI models. SmartEye Deputy CEO, Dr. Rana el Kaliouby, sees this as a beneficial move for both Anthropic and Amazon, highlighting how it allows Amazon Web Services to partner with other companies and introduce Anthropic's technology to those already using Amazon's data services. 'Amazon, like many other companies, was caught flat-footed by the release of ChatGPT back in November', Chris Callison-Burch, Associate Professor at the University of Pennsylvania’s School of Engineering, tells Yahoo Finance on AI investment trends, adding: 'But, I think this is a really excellent strategic move that will help them catch up.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Amazon to Invest as Much as $4 Billion in AI Startup AnthropicAmazon.com Inc. will invest as much as $4 billion in Anthropic, bagging a crucial partner in its effort to become a major player in generative artificial intelligence and offering a vote of confidence in the hot startup.
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Amazon steps up AI race with up to $4 billion deal to invest in AnthropicBy Jeffrey Dastin SAN FRANCISCO (Reuters) - Amazon.com on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in ...
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Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battleAmazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. The investment underscores how Big Tech companies are pouring money into AI as they race to capitalize on the opportunities that the latest generation of the technology is set to fuel. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captu
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Amazon is investing up to US $4 billion in AI startup Anthropic in growing tech battleAmazon is investing up to US $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday.
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Amazon steps up AI race with up to US$4-billion deal to invest in AnthropicThe CEOs of Amazon’s cloud division and Anthropic said the immediate investment will be $1.25-billion, with either party having the authority to trigger another $2.75-billion in funding by Amazon
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