Amazon investing billions in AI startup Anthropic

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Big Tech companies are pouring money into AI as they race to capitalize on the opportunities that a new generation of the technology is set to bring. Amazon is the latest with a massive investment.

The Anthropic website on a smartphone arranged in New York, US, on Tuesday, Aug. 15, 2023. Investor enthusiasm for AI-related startups has increased significantly in the past year, as more of the technology has come to market, showcasing its potentiais investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday.

Foundation models, also known as large language models, are trained on vast pools of online information, like blog posts, digital books, scientific articles and pop songs to generate text, images and video that resemble human work.Under the agreement, Anthropic is making Amazon its primary cloud computing service and using the online retail giant's custom chips as part of work to train and deploy its generative AI systems.

 

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