Amazon is investing up to $4 billion in the artificial intelligence startup Anthropic, as Big Tech companies race to capitalize on the opportunities presented by AI. The investment will also include a minority stake in Anthropic and a collaboration to develop foundation models for generative AI systems. Anthropic, founded by former staffers from OpenAI, has released its own AI chatbot called Claude. Amazon aims to catch up with rivals like Microsoft in the AI arms race and has been rolling out new services, including updates for its popular assistant Alexa.
Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle
Amazon is making a significant investment of up to $4 billion in Anthropic, an artificial intelligence startup. This move comes as Big Tech companies recognize the potential of AI technology and race to capitalize on its opportunities. The investment includes a collaboration to develop foundation models for generative AI systems. Anthropic, founded by former OpenAI staffers, has already released its own AI chatbot called Claude. Amazon is striving to catch up with competitors like Microsoft in the AI arms race and has been introducing new services, such as updates for its assistant Alexa.
Collaboration to Develop Foundation Models
As part of the investment, Amazon and Anthropic will collaborate to develop foundation models for generative AI systems. These models, also known as large language models, are trained on vast pools of online information and can generate text, images, and video that resemble human work. Anthropic will make Amazon its primary cloud computing service and utilize the company’s custom chips for training and deploying its AI systems.
Amazon’s Focus on AI Technology
Amazon’s investment in Anthropic reflects its determination to compete in the growing tech battle surrounding AI. Rivals like Microsoft have already made significant investments in AI startups, and Amazon is keen to keep up. The company has been rolling out new services, including updates for its assistant Alexa to enable more human-like conversations and AI-generated summaries of product reviews for consumers. This investment in Anthropic is another step towards Amazon’s goal of staying at the forefront of AI innovation.
