Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

Amazon 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 theAmazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin thetrained on vast pools of online information , like blog posts, digital books, scientific articles and pop songs to generate text, images and video that resemble human work.

Under the agreement, Anthropic is making Amazon its primary cloud computing service and using the online retail giant’s custom chips as part of work to train and deploy its generative AI systems.ChatGPT AI chatbotAnthropic has released its own ChatGPT rival, dubbed Claude. The latest version, which is available in the U.S. and U.K., is capable of “sophisticated dialogue and creative content generation to complex reasoning and detailed instruction,” the company said.

Amazon is scrambling to catch up with rivals like Microsoft, which invested $1 billion in OpenAI in 2019, followed by anotherAmazon has been rolling out new services to keep up with the AI arms race, including an

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