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 captured global attention.
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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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