Amazon pours an additional $2.75 billion into AI startup Anthropic

FILE - The Amazon logo is photographed at the Vivatech show in Paris, on June 15, 2023. Amazon says, Wednesday, March 27, 2024, its investing another $2.75 billion in the Artificial intelligence startup Anthropic, bringing its total investment in the company to $4 billion. The investment will give Amazon a minority stake in San Francisco-based Anthropic, which is a rival to OpenAI, the maker of the popular chatbot ChatGPT. – Amazon said Wednesday it is pouring an additional $2.

Amazon will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI.“Generative AI is poised to be the most transformational technology of our time, and we believe our strategic collaboration with Anthropic will further improve our customers’ experiences, and look forward to what’s next,” said Swami Sivasubramanian, vice president of data and AI at AWS, Amazon's cloud computing subsidiary.and indicated then it had plans to invest up to $4 billion.

The investment is the latest example of how Big Tech companies are spending on artificial intelligence startups amid growing public and business interest in the technology. Earlier this year, U.S. antitrust regulators saidCopyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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