Sep 26, 2023

Amazon invests $4 billion in Anthropic

Posted by in category: robotics/AI

Google has also said it’s invested $400 million into the AI company.

Amazon said it will invest $4 billion in Anthropic, an artificial intelligence company founded by former employees of OpenAI, a rival leading AI company. As part of the investment, Amazon will take a minority stake in Anthropic, as per a press release.

The immediate investment is $1.25 billion, with either party having the authority to trigger another $2.75 billion in funding by Amazon, reported Reuters.

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