Competition among generative AI companies is heating up. On Friday, Amazon announced it would invest another $4 billion in the generative AI company, Anthropic.
Amazon said it will invest $8 billion in AI firm Anthropic, bringing its total investment in the company to $8 billion over just the past few months. The companies teamed up last September, with Amazon putting in $4 billion and Anthropic naming Amazon Web Services its primary cloud provider.
Amazon announced another $4 billion investment in AI startup Anthropic on Friday. The deal includes an agreement for Anthropic to use Amazon's AI chips more.
Amazon and Anthropic announced an expanded partnership that includes Amazon investing another $4 billion in the artificial intelligence company and Anthropic making Amazon Web Services (AWS) its primary training partner. The new investment brings Amazon's total investment in Anthropic to $8 billion, Anthropic said in a Friday (Nov. 22) press release.
Amazon, which is Anthropic's primary cloud partner, is fiercely competing with Microsoft and Alphabet's Google to offer AI-powered tools for its cloud customers.
Amazon (AMZN) is set to invest an additional $4 billion in AI startup Anthropic, bringing its total investment to $8 billion. As part of the strategic partnership, Anthropic will become Amazon Web Services' (AWS) primary cloud provider.
CNBC's Deirdre Bosa joins 'Money Movers' to discuss Amazon announcing it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives.
Amazon (AMZN) announced an additional $4B investment into A.I. company Anthropic, raising the total investment to $8B.
Amazon.com Inc (NASDAQ:AMZN) is putting another $4 billion into artificial intelligence startup Anthropic, it said on Friday, following a similar $4 billion investment earlier this year. As part of the previous agreement, Anthropic committed to using Amazon Web Services (AWS) data centers and incorporating AWS-designed AI chips into its operations.
Amazon is investing an additional $4 billion in the artificial intelligence startup Anthropic as major technology companies rush to fund generative AI.
Amazon is investing an additional $4 billion in AI start-up Anthropic.
Amazon's total investment in the AI company now totals $8bn, with its AWS unit as Anthropic's cloud provider