Amazon (AMZN) has made an initial investment of $1.25 billion, according to Reuters, in the generative AI startup, Anthropic. Amazon is committed to potentially investing up to $4 billion in Anthropic, securing a minority ownership stake in the startup. Anthropic is recognized for its 'Claude' AI system, which provides assistance to users by answering their questions, similar to ChatGPT. Anthropic will leverage Amazon's resources in its development efforts, including Amazon Web Services and the company's custom chips. This investment trend aligns with the broader movement of tech giants, such as Microsoft (MSFT), Google (GOOG, GOOGL), and Meta (META), increasingly investing in artificial intelligence. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battleAmazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday.
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Amazon to invest as much as US$4 billion in AI startup AnthropicAmazon.com Inc. will invest as much as US$4 billion in Anthropic, bagging a crucial partner in its effort to become a major player in generative artificial intelligence and offering a vote of confidence in the hot startup
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Amazon is investing up to US $4 billion in AI startup Anthropic in growing tech battleAmazon is investing up to US $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday.
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Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battleAmazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. The investment underscores how Big Tech companies are pouring money into AI as they race to capitalize on the opportunities that the latest generation of the technology is set to fuel. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captu
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Amazon steps up AI race with up to US$4-billion deal to invest in AnthropicThe CEOs of Amazon’s cloud division and Anthropic said the immediate investment will be $1.25-billion, with either party having the authority to trigger another $2.75-billion in funding by Amazon
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Amazon to Invest as Much as $4 Billion in AI Startup AnthropicAmazon.com Inc. will invest as much as $4 billion in Anthropic, bagging a crucial partner in its effort to become a major player in generative artificial intelligence and offering a vote of confidence in the hot startup.
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