Today: Nov 23, 2024

Amazon doubles down on AI startup Anthropic with $4bn funding

Amazon doubles down on AI startup Anthropic with bn funding
November 22, 2024



The substitute intelligence startup Anthropic stated on Friday it had raised an extra $4bn funding from its longtime backer Amazon.com, bringing the e-commerce massive’s overall funding to $8bn, underscoring large tech’s rising generative AI investments.Amazon will handle its place as a minority investor, the corporate stated. Its AWS unit can also be Anthropic’s reputable cloud supplier.Anthropic additionally stated it was once operating with AWS’s Annapurna Labs at the construction of long run generations of Amazon’s Trainium chips and plans to coach its foundational fashions at the {hardware}.Britain’s festival regulator had stated in September that Amazon’s partnership with Anthropic might not be referred for a deeper inquiry because it didn’t fall below its jurisdiction.Anthropic, which was once co-founded by means of former OpenAI executives and siblings Dario and Daniela Amodei, stated ultimate yr it had additionally secured a $500m funding from Alphabet, which promised to speculate some other $1.5bn through the years.

OpenAI
Author: OpenAI

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