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Amazon Boosts Investment in AI Firm Anthropic by $2.75B

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Amazon announced on Wednesday that it’s investing an extra $2.75 billion (€2.55 billion) into Anthropic, a company working on artificial intelligence. With this, Amazon’s total investment in Anthropic reaches $4 billion (€3.7 billion).

Anthropic, based in San Francisco, is a competitor to OpenAI, the creator of ChatGPT.

Swami Sivasubramanian, who heads data and AI at AWS, Amazon’s cloud computing arm, expressed excitement about the potential of generative AI technology. He believes their partnership with Anthropic will enhance customer experiences.

Amazon Boosts Investment in AI Firm Anthropic by $2.75B

Initially, Amazon had invested $1.25 billion (€1.16 billion) in Anthropic last September, with plans to reach a total of $4 billion (€3.7 billion).

Both companies are working together to develop fundamental models for generative AI systems, which have gained global attention.

As part of the deal, Anthropic will rely on AWS as its main cloud provider and utilize Amazon’s specialized chips for building, training, and deploying AI models. Additionally, Anthropic’s AI models will be available to AWS customers through a service called Bedrock.

Amazon revealed that companies like Delta Air Lines and Siemens are already using Bedrock to access Anthropic’s AI models.

This investment highlights the trend of major tech companies investing in AI startups, reflecting the growing interest in AI technology from both the public and businesses.

Earlier this year, US antitrust regulators announced they were scrutinizing these kinds of investments.

Source: Euronews