Amazon is investing $4 billion into Anthropic which committed to spending the same amount on AWS, the tech giant’s cloud platform, over the next five years.Amazon, Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a similar amount to use their cloud platforms.
The deals are making the big tech firms both the largest backers and most direct beneficiaries of these startups, reflecting how some of thekeep going to the most powerful players. The value of the tech giants’ stakes could shoot up if the startups take off. And if not, they still will have turned chunks of cash into revenue.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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