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Amazon Invests .75 Billion In AI Startup Anthropic

Amazon Anthropic United States AWS
The Amazon logo is photographed at the Vivatech show in Paris, on June 15, 2023. Amazon says, Wednesday, March 27, 2024, its investing another $2.75 billion in the Artificial intelligence start

Amazon announced on Wednesday that it is increasing its investment in Anthropic, an artificial intelligence startup, by an additional $2.75 billion, bringing the total investment to $4 billion. The tech giant will maintain a minority stake in Anthropic, which is based in San Francisco and competes with OpenAI, the maker of ChatGPT.

According to Swami Sivasubramanian, vice president of data and AI at AWS, Amazon's cloud computing subsidiary, generative AI is expected to be a groundbreaking technology, and the collaboration with Anthropic is aimed at enhancing customer experiences.

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