Amazon to invest as much as US$4 billion in AI startup Anthropic

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 50%

Ai Ai Headlines News

Ai Ai Latest News,Ai Ai Headlines

Amazon.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

As part of the deal, Anthropic will move most of its software to Amazon Web Services data centers, and use the cloud computing company’s homegrown chips to train the models it uses to power chatbots and other applications. Besides getting access to Amazon’s computing power, Anthropic will gain a financial infusion that will help it pay the huge costs required to train and run massive AI models. Amazon will have a minority position in Anthropic, the companies said in a statement on Monday.

Amazon executives have said that it’s early days for so-called generative AI, and that more than 100,000 customers have used the company’s machine-learning tools to date. Anthropic’s foundational model, called Claude, was already available as part of an Amazon service called Bedrock, still in early release, that makes both Amazon and third-party models available to its customers.

The deal also represents a milestone moment for Amazon’s in-house chipmaking effort, which includes processors called Trainium and Inferentia that are designed to power machine-learning applications. Most cutting-edge artificial intelligence applications rely on pricey chips built by Nvidia Corp. that can be hard to come by. Anthropic will use AWS chips to build and train future foundational models, the companies said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in Aİ

Ai Ai Latest News, Ai Ai Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CTVNationalNews - 🏆 82. / 51 Read more »

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
Source: globeandmail - 🏆 5. / 92 Read more »

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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Amazon steps up AI race with up to $4 billion deal to invest in AnthropicBy Jeffrey Dastin SAN FRANCISCO (Reuters) - Amazon.com on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

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
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

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.
Source: OttawaCitizen - 🏆 21. / 68 Read more »