Sep 26, 2023

Amazon to invest up to $4 billion in Anthropic, a rival to ChatGPT developer OpenAI

Posted by in category: robotics/AI

Amazon is looking to position itself as the one-stop shop for AI. The e-commerce giant designs its own chips for training huge AI models. Through Amazon Bedrock customers can also design their own generative AI applications using existing models, which are all run on the Amazon cloud. The company sells its own AI applications too.

Anthropic already counts some high-profile backers, including Google and Salesforce Ventures. This support comes as tech giants continue to make massive bets on AI companies, a move sparked by Microsoft’s multi-billion dollar investment in ChatGPT maker OpenAI in January.

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