Amazon Invests $4 Billion In ChatGPT Competitor, AI Startup Anthropic
- 7 months ago
Amazon Inc. (NASDAQ:AMZN) has announced a strategic investment of up to $4 billion in Anthropic, an emerging AI company, as the e-commerce giant seeks to harness the potential of artificial intelligence in diverse applications across its business.
As part of this groundbreaking deal, Anthropic will leverage Amazon’s custom-designed chips to develop and rollout its AI software. Amazon also intends to integrate Anthropic’s cutting-edge technology into various products within its expansive portfolio.
According to insider sources cited by The Wall Street Journal, Amazon is initially investing $1.25 billion in Anthropic, with the possibility of increasing this figure to $4 billion, contingent on certain conditions. Furthermore, Anthropic has committed to directing a portion of this capital toward Amazon’s cloud infrastructure arm, Amazon Web Services.
As part of this groundbreaking deal, Anthropic will leverage Amazon’s custom-designed chips to develop and rollout its AI software. Amazon also intends to integrate Anthropic’s cutting-edge technology into various products within its expansive portfolio.
According to insider sources cited by The Wall Street Journal, Amazon is initially investing $1.25 billion in Anthropic, with the possibility of increasing this figure to $4 billion, contingent on certain conditions. Furthermore, Anthropic has committed to directing a portion of this capital toward Amazon’s cloud infrastructure arm, Amazon Web Services.