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Amazon will take a minority stake in Anthropic.
Dreamstime
Amazon.com
is making a big play to keep up with its Big Tech rivals in the artificial-intelligence race.
Tech giant
Amazon
(ticker: AMZN) will invest up to $4 billion in AI startup Anthropic, a rival to ChatGPT creator OpenAI, the company said Monday.
Amazon’s
cloud customers will get early access to Anthropic’s technology through
Amazon
Bedrock, the company’s AI platform for businesses. The tech giant said Anthropic will use Amazon Web Services’ (AWS) in-house chips to build, train and deploy its AI software and make AWS its primary cloud provider. As part of the deal, Amazon will take a minority stake in the AI startup.
The deal follows
Microsoft
‘s (MSFT) multibillion-dollar, multiyear investment in OpenAI.
Alphabet
‘s (GOOGL) Google, another major player in the intensifying battle for AI supremacy, also is an investor in Anthropic.
Anthropic launched its AI assistant Claude, a competitor to ChatGPT, in 2021. The company was founded in the same year by siblings Dario and Daniela Amodei, former employees of OpenAI.
The AI boom is gathering speed, and while
Microsoft
has made much of the early running it’s clear that Amazon has no intention of being left behind.
Write to Callum Keown at [email protected]
Read the full article here