Amazon to Invest as Much as $4 Billion in AI Startup Anthropic

Posted by YourTech Story
6
Sep 26, 2023
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Amazon has announced a significant investment of up to $4 billion in the cutting-edge artificial intelligence startup, Anthropic. 

This move is part of Amazon’s strategic efforts to stay competitive in the rapidly evolving field of AI and cloud computing, where it faces stiff competition from rivals like Microsoft and Google.

Under the terms of the deal, Amazon’s employees and cloud customers will gain early access to Anthropic’s advanced AI technology, enabling them to integrate it into their businesses. Anthropic, headquartered in San Francisco, has also committed to relying primarily on Amazon’s cloud services, including using Amazon’s proprietary chips for training its future AI models.

Read more: https://www.yourtechstory.com/2023/09/26/amazon-to-invest-as-much-as-4-billion-in-ai-startup-anthropic/
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