Amazon.com, Inc. (AMZN) has recently announced an investment plan worth up to $4 billion in cash geared toward the prominent startup Anthropic. This move is a strategic effort to strengthen its capabilities and stance against its burgeoning cloud competitors in artificial intelligence.
Also, the company plans to start rolling out ads on Prime Video movies and TV shows in early 2024. An ad-free version will be accessible for additional charges. AMZN expects its decision to help it “continue investing in compelling content and keep increasing that investment over a long period of time.”
