Amazon Boosts Investment in AI Startup Anthropic to $8 Billion

Newsweek

Summary

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($AMZN) slipped nearly 1% as markets opened on Friday after the e-commerce giant announced that it’s investing another $4 billion in Anthropic, an artificial intelligence (AI) startup run by Microsoft-backed ($MSFT) OpenAI.
Asianet Newsable
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Anthropic, OpenAI’s close rival, has raised an additional $4 billion from Amazon, and has agreed to make Amazon Web Services, Amazon’s cloud computing division, the primary place it’ll train its flagship generative AI models.
TechCrunch
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Its AWS unit will also be Anthropic’s official cloud provider.
Guardian
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From now on, Anthropic will use AWS Trainium and Inferentia chips to train and deploy its largest AI models.
NBC News

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References

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Bloomberg Professional Services
Generative AI races toward $1.3 trillion in revenue by 2032 | Insights
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