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Amazon's employees and cloud customers will gain early access to technology from Anthropic as part of the deal, which they can infuse into their businesses. The San Francisco-based startup also committed to rely primarily on Amazon's cloud services, including training its future AI models on large quantities of proprietary chips it would buy from the online retailing and computing giant. In a joint interview, the CEOs of Amazon's cloud division and Anthropic said the immediate investment will be $1.25 billion, with either party having the authority to trigger another $2.75 billion in funding by Amazon...

SEATTLE, September 25, 2023--Amazon (NASDAQ: AMZN) and Anthropic today announced a strategic collaboration that will bring together their respective industry-leading technology and expertise in safer generative artificial intelligence (AI) to accelerate the development of Anthropic’s future foundation models and make them widely accessible to AWS customers. As part of the expanded collaboration:...

Amazon plans to invest up to $4bn in artificial intelligence start-up Anthropic, as the big tech group steps up its rivalry with Microsoft, Google and Nvidia to persuade AI companies to use its technology. The deal, announced on Monday, will see Amazon invest an initial $1.25bn for a minority stake in Anthropic. It is a bid to forge a close relationship with a prominent AI start-up akin to Microsoft’s alliance with OpenAI, the group behind ChatGPT...

In an attempt to stay competitive in the rapidly growing artificial intelligence (AI) sector, Amazon (NASDAQ:AMZN) has announced a substantial investment in AI startup Anthropic. The tech giant is set to inject up to $4 billion into the fledgling company, as announced on Monday...

Investing.com -- Amazon (NASDAQ:AMZN) said on Monday that it is aiming to invest up to $4 billion in artificial intelligence group Anthropic, as the tech giant looks to bolster its position in the corporate arms race over nascent AI technology...

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