Amazon pours an additional $2.75 billion into AI startup Anthropic

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Amazon says it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion

Amazon said Wednesday it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion. Amazon will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI.

The two companies are collaborating to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the deal, Anthropic will use AWS as its “primary” cloud provider and use Amazon's custom chips to build, train and deploy AI models. It will also provide AWS customers, which are mostly businesses, with access to models on an Amazon service called Bedrock.

 

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