Amazon ups Anthropic stake by billions

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After investing $1.25 billion in the San Francisco AI startup last fall, the cloud-computing giant is upping its stake

The move is part of a deal the internet giant announced in September to invest up to $4 billion in Anthropic. The companies have become increasingly close. Anthropic has said it will build and train its next-generation AI model using Amazon-designed processors. Earlier this month, Amazon made the startup’s latest Claude 3 model available to its cloud-computing customers.

But it’s only Anthropic’s latest jumbo-sized deal. In October, Google committed to invest as much as $2 billion in the startup. All told, the AI company has raised nearly $6.6 billion, according to PitchBook, a venture industry research firm. Ex // Top Stories Addiction treatment nonprofit could soon repay SF millions Baker Places, which operates several behavioral-health treatment facilities in San Francisco, would have to repay The City nearly $8 million under a proposed agreement

Unlike some previous deals between cloud-computing providers and AI startups, the $4 billion Amazon is investing in Anthropic is in cash rather than in credits for Amazon’s cloud-computing service, Wate said.

 

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