Amazon doubles down on Anthropic, completing its planned $4B investment

Posted under: AI technologies
Date: 2024-03-28
Amazon doubles down on Anthropic, completing its planned $4B investment

Amazon invested a further $2.75 billion in growing AI power Anthropic on Wednesday, following through on the option it left open last September. The $1.25 billion it invested at the time must be producing results, or perhaps they’ve realized that there are no other horses available to back. Amazon reportedly had until the end of the first quarter to decide whether to increase its investment to a maximum of $4 billion, and here we are just before the deadline, and the company has decided to throw in the maximum amount. Anthropic’s AI models are one of very few that compete at the highest levels of capability yet are available at scale for enterprises to deploy internally or in user-facing applications. Lacking the capability to develop adequate models on their own for whatever reason, companies like Amazon and Microsoft have had to act vicariously through others, primarily OpenAI and Anthropic.

Read more at: techcrunch.com