Amazon invests an additional $2.75 billion in Anthropic, an AI startup

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Amazon invests an additional $2.75 billion in Anthropic, an AI startup
Amazon invests an additional $2.75 billion in Anthropic, an AI startup

Amazon said on Wednesday that it is boosting its capital commitments to $4 billion in the artificial intelligence industry by investing an extra $2.75 billion in Anthropic.

Amazon said on Wednesday that it is investing an additional $2.75 billion in Anthropic, increasing its total capital contributions to $4 billion in the artificial intelligence business.

In San Francisco-based Anthropic, a competitor of ChatGPT manufacturer OpenAI, Amazon will continue to hold a minority position.

Vice president of data and Al at AWS, Amazon’s cloud computing subsidiary, Swami Sivasubramanian, stated, “We believe our strategic collaboration with Anthropic will further improve our customers’ experiences and look forward to what’s next.” “Generative AI is poised to be the most transformational technology of our time.”

In September, the tech giant located in Seattle invested $1.25 billion in Anthropic, indicating at the time that it intended to invest up to $4 billion.

The two businesses are working together to create foundation models that serve as the basis for the generative Al systems that have drawn interest from all over the world.

As per the agreement, Anthropic will construct, train, and deploy Al models using Amazon’s proprietary processors on AWS, its “primary” cloud provider. Additionally, it would give users of AWS—mostly businesses—access to models on the Bedrock service offered by Amazon. Amazon said on Wednesday that Bedrock is already being used by businesses like Siemens and Delta Air Lines to use Anthropic’s Al models.

The investment is the most recent instance of how major technology giants are funding startups in artificial intelligence as interest in the subject grows among the general public and industry. U.S. antitrust authorities announced earlier this year that they were looking at these investments.

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