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Home»AI Startups & Investments»Amazon doubles down on AI startup Anthropic with $4 billion investment | Artificial Intelligence (AI)
AI Startups & Investments

Amazon doubles down on AI startup Anthropic with $4 billion investment | Artificial Intelligence (AI)

November 22, 2024001 Min Read
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Artificial Intelligence Start-up Anthropic announced Friday that it has raised an additional $4 billion from its longtime backer Amazon.com, bringing the e-commerce the giant’s total investment at $8 billion, highlighting big tech’s growing investments in generative AI.

Amazon will maintain its position as a minority investor, the company said. Its AWS unit will also be Anthropic’s official cloud provider.

Anthropic also said it is working with AWS’s Annapurna Labs on developing future generations of Amazon’s Trainium chips and plans to train its fundamental models on the hardware.

Britain’s competition regulator said in September that the partnership between Amazon and Anthropic would not be further investigated because it did not fall within its jurisdiction.

Anthropic, which was co-founded by former OpenAI executives and siblings Dario and Daniela Amodei, said last year it had also secured a $500 million investment from Alphabet, which promised to invest 1 An additional $.5 billion over time.

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