Amazon to take a position as much as $4 billion in AI startup Anthropic

Amazon stated Monday it has agreed to take a position as much as $4 billion in AI startup Anthropic because the e-commerce group steps up rivalry towards Microsoft, Meta, Google and Nvidia within the fast-growing pink sizzling sector that many technologists imagine might be the subsequent nice frontier.

The e-commerce group stated it’ll initially make investments $1.25 billion for a minority stake in Anthropic, which like Google and OpenAI, additionally operates a generative AI chat platform. As a part of the deal, Amazon has an choice to extend its funding to a complete of $4 billion.

TechCrunch reported solely earlier this 12 months that Anthropic, which additionally counts Google as a big investor, had deliberate to lift as a lot as $5 billion over the subsequent two to a few years.

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