- Amazon completes its largest external investment with $2.75 billion funding in AI startup Anthropic, part of a $4 billion venture.
- Anthropic, known for its generative AI models and chatbot Claude, competes with OpenAI’s ChatGPT and recently released Claude 3.
- Amazon’s investment agreement entails Anthropic using AWS as its primary cloud provider and Amazon’s chips for training and deploying its AI models.
Amazon has finalized its largest external investment, injecting $2.75 billion into AI startup Anthropic as part of a larger $4 billion funding venture. Anthropic, recognized for its advancements in generative AI and the development of chatbot Claude, now enters a new phase of growth with Amazon’s backing. Despite the substantial investment, Amazon will hold a minority stake in Anthropic and won’t secure a board seat.
Anthropic’s cutting-edge AI models, including the recently unveiled Claude 3, have garnered attention for their performance surpassing industry benchmarks. This investment solidifies Amazon’s position in the burgeoning AI landscape while positioning Anthropic as a key player in the field. With plans to leverage AWS as its primary cloud provider and Amazon’s chips for model training and deployment, Anthropic is poised for further innovation and expansion.
