The post Amazon makes another $4 billion investment in Anthropic appeared on BitcoinEthereumNews.com.

Amazon is increasing its stake in the AI company, Anthropic with an additional investment of $4 billion. Previously, the retail giant had also made an investment of $4 billion in the leading competitor of OpenAI. This happened back in March 2024. The announcement that came out recently Anthropic will be using Amazon Web Services data for computational purposes. Moreover, it will also use the AI chips designed by the service provider. These chips will be used by Anthropic to advance the development of its mAI models. Anthropic shared that the new investment makes AWS their “primary cloud and training partner”. The company also mentions that this deal gives Amazon a minority stake. Anthropic which is now the biggest rival for OpenAI was founded by its former employee in 2021. The Claude chatbots have earned the status of having the high capability of generation of text from scratch. Amazon strengthens its hold in the AI sector with Anthropic partnership Amazon’s partnership with Anthropic allows the retail leader to strengthen its support for AI services. It also offers Claude models to clients available on the AWS marketplace of AI model providers. In October OpenAI collected $6.6 billion in funds. It spiked the company’s worth to $157 billion. As reported by Bloomberg Elon Musk owned xAI has been trying to gather funds for a valuation of $40 billion. Despite the investments from big tech companies, regulators worry that this could prevent Anthropic from dominating the AI industry. These big companies use their influence to reduce the chance of competition. Recently Google was also targeted by DOJ, to stop the search engine from investing in AI startups and divesting from Anthropic specifically. On the other hand, the UK’s competition regulatory authority finds no issue in this practice of big tech companies investing in smaller…

---

Filed under: News - @ November 22, 2024 5:18 pm