Amazon has committed a further $2.75 billion to artificial intelligence start-up Anthropic, strengthening its ties to the company as Big Tech’s race to dominate the booming AI sector intensifies.Amazon has committed a further $2.75 billion to artificial intelligence start-up Anthropic, strengthening its ties to the company as Big Tech’s race to dominate the booming AI sector intensifies.
Anthropic is separately raising hundreds of millions of dollars from venture capitalists. Combined, the deals could ultimately furnish Anthropic with billions of dollars in capital and credits to use cloud and computing services, at a valuation of more than $18 billion, according to people with knowledge of the discussions.
Amazon’s Anthropic deal gives the Seattle-based company a well-known partner in AI as it vies with rivals Microsoft and Google for dominance in the space. Anthropic was founded in 2021 by a group of researchers who quit OpenAI over concerns about its commitment to AI safety.
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