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Amazon steps up AI race with up to US$4-billion deal to invest in Anthropic

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The 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

Google, smaller cloud rivals that have marketed or developed powerful AI this year. The deal also shows ongoing maneuvering by the cloud companies to secure ties with AI startups reshaping their industry.

For Amazon, Monday’s deal may spell an uptick in demand, including for chips powering AI. Anthropic agreed to work on developing technology for Amazon’s in-house Trainium and Inferentia chips, for instance. Anthropic, founded by former OpenAI executives including Amodei, is one of a series of companies building so-called generative AI, systems that can draft content as if a human created it. Anthropic has aimed to distinguish its work by training AI to adhere to moral values.Anthropic is continuing an agreement it announced with Google in February, he said. Anthropic is using Google’s custom chips and has planned to make its technology available via Google Cloud and elsewhere.

Anthropic’s Claude 2 is an AI model that is able to respond to particularly large prompts, setting it up to analyze long business or legal documents.

 

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