Amazon steps up AI race with up to $4 billion deal to invest in Anthropic

📆 9/25/2023 10:33 AM
📰 Reuters

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Amazon.com on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in its effort to compete with growing cloud rivals on artificial intelligence.

Google, smaller cloud rivals that have marketed or developed powerful AI this year. The deal also shows ongoing maneuvering by the cloud companies to secure ties with AI startups reshaping their industry.

For Amazon, Monday's deal may spell an uptick in demand, including for chips powering AI. Anthropic agreed to work on developing technology for Amazon's in-house Trainium and Inferentia chips, for instance. Anthropic's Claude 2 is an AI model that is able to respond to particularly large prompts, setting it up to analyze long business or legal documents.

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| Amazon to Invest Up to $4 Billion in Anthropic as AI Arms Race EscalatesThe deal, which includes a broad partnership, follows Microsoft’s multibillion-dollar stake in rival startup OpenAI.
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