The e-commerce giant announced it’s adding US$2.75 billion to its backing of the San Francisco AI startup. Amazon invested US$1.25 billion in Anthropic last September, saying at the time that it had the option to invest up to US$4 billion. (The Logic)
Talking point: Amazon’s additional investment underscores the massive resources that tech giants are committing to the hot AI race. The total investment marks Amazon’s largest venture deal to date. Anthropic, founded by former executives of rival OpenAI, recently released its most sophisticated AI bot, which it says can outperform ChatGPT and other competitors. Earlier this month, Amazon Web Services said it was providing access to those models, named Claude 3, on Amazon Bedrock, which provides access to a variety of foundational models to build generative AI applications.
