) $10 billion investment in ChatGPT maker OpenAI, and puts Amazon right at the center of the AI explosion that continues to sweep across Silicon Valley and beyond.
The tech giant is making the move for two big reasons: to better compete against rivals Microsoft and Google parent Alphabet in the cloud industry, and to bring generative AI to its Amazon.com storefront. So why would Amazon spend $4 billion on a company that it already has a relationship with? Because doing so means Amazon’s customers will get greater access to Anthropic’s AI arsenal, including the ability to “fine-tune” and “customize” models, Anthropic said in a statement.
It also means that Amazon can build on the number of foundation models, including large language models it offers through its Bedrock platform. A kind of one-stop shop for AWS customers, Bedrock gives users access to the foundation models that power generative AI platforms.In other words, Bedrock is where AWS customers can go to pick the kind of model they want from the likes of Anthropic, Stability AI, and even Amazon’s own models to build generative AI products into their own software.
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What Amazon's up to $4B commitment to Anthropic could mean for AI spaceAmazon (AMZN) has made an investment in the AI firm Anthropic, announcing their willingness to commit up to $4 billion this morning. Anthropic will utilize Amazon's Web Services (AWS) along with their custom chips to facilitate the training and deployment of their AI models. SmartEye Deputy CEO, Dr. Rana el Kaliouby, sees this as a beneficial move for both Anthropic and Amazon, highlighting how it allows Amazon Web Services to partner with other companies and introduce Anthropic's technology to those already using Amazon's data services. 'Amazon, like many other companies, was caught flat-footed by the release of ChatGPT back in November', Chris Callison-Burch, Associate Professor at the University of Pennsylvania’s School of Engineering, tells Yahoo Finance on AI investment trends, adding: 'But, I think this is a really excellent strategic move that will help them catch up.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Video: AI race heats up as Amazon bets big on AnthropicAmazon said on Sept. 25 it will invest up to $4 billion in cash in the high-profile startup Anthropic, a rival to ChatGPT creator OpenAI, in its effort to step up the race against growing cloud computing competitors such as Microsoft and Google.
Source: globebusiness - 🏆 31. / 66 Read more »