Amazon recently announced its intention to invest up to $4 billion in the AI startup Anthropic. This move highlights Amazon’s ambitions to play a dominant role in the rapidly growing AI sector and to position itself against competitors like Microsoft, Meta, Google, and Nvidia.

Key Points:

• Amazon will initially invest $1.25 billion for a minority stake in Anthropic, with the option to increase the investment to a total of $4 billion.
• Anthropic, which already counts Google as an investor, plans to raise as much as $5 billion over the next two years.
• The startup recently introduced its first consumer-facing chatbot, Claude 2, and plans to develop a more advanced model named „Claude-Next“ that is said to be ten times more powerful than current AI models.
• Amazon will not only act as an investor but will also provide Anthropic with computational power and assist in selling products to cloud customers.
• As part of the investment agreement, Anthropic will use Amazon’s cloud service AWS as the primary cloud provider for mission-critical workloads.
• Andy Jassy, CEO of Amazon, spoke positively about the collaboration, emphasizing the benefits for customers.
• Anthropic was valued at about $5 billion in May of this year and has raised a total of $2.7 billion to date.

Source Note: This article is based on information from TechCrunch.