Amazon doubles down on AI startup Anthropic with $4bn investment

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Amazon’s total investment in the AI company now totals $8bn, with its AWS unit as Anthropic’s cloud providerThe artificial intelligence startup Anthropic said on Friday it had raised an additional $4bn investment from its longtime backer Amazon.com, bringing the e-commerce giant’s total investment to $8bn, underscoring big tech’s growing generative AI investments.

Amazon will maintain its position as a minority investor, the company said.

Its AWS unit will also be Anthropic’s official cloud provider.Continue reading...

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Article Details

Author / Journalist: Reuters

Category: Artificial-intelligenceTechnology

Markets: United Kingdom

Topics: Amazon Technology US news Artificial intelligence (AI) World news Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 15:47:11 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: theguardian.com

Language: English

Article Length: 219 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Guardian

News ID: 23767399

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Official Website: theguardian.com

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