Amazon doubles down on AI startup Anthropic with $4 billion investment

Amazon will maintain its position as a minority investor and will be Anthropic's main training partner for AI models, the startup said.

By Connect Gujarat Desk 23 Nov 2024 in Technology

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Amazon doubles down on AI startup Anthropic with $4 billion investment

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Anthropic said on Friday that longtime backer Amazon.com had pumped an additional $4 billion into the artificial intelligence startup, doubling its investment in the firm known for its GenAI chatbot Claude.

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Amazon will maintain its position as a minority investor and will be Anthropic's main training partner for AI models, the startup said.

Amazon, which is Anthropic's primary cloud partner, is fiercely competing with Microsoft and Alphabet's Google to offer AI-powered tools for its cloud customers.

The e-commerce company's increased investment in Anthropic underscores the billions of dollars funneled into AI startups over the past year, as investors look to capitalize on a boom in generative AI technology, which became popular with the launch of OpenAI's ChatGPT in late 2022.

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