Amazon will invest up to $4 billion in Anthropic, one of the buzzy startups building a generative AI chatbot. With the deal, announced Monday, Anthropic secures a major investment from a second Big Tech company, after already receiving $300 million from Google at the end of last year. Google’s investment, which wasn’t reported at the time, gave Google an estimated 10% stake in the company. In its latest fundraising round in May, Anthropic was valued at nearly $5 billion, according to TechCrunch. An updated valuation was not disclosed for Amazon’s most recent investment nor details about the size of its minority stake.
Amazon becomes the latest major player to invest in up-and-comers in the generative AI world, after ChatGPT maker OpenAI received $13 billion from Microsoft.
