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Home»AI Startups & Investments»Amazon increases its total investment in AI startup Anthropic to $8 billion
AI Startups & Investments

Amazon increases its total investment in AI startup Anthropic to $8 billion

November 25, 2024002 Mins Read
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Amazon And Anthropic announced an expanded partnership that includes Amazon investing another $4 billion in the artificial intelligence company and Anthropic creating Amazon Web Services (AWS) its main training partner.

This new investment brings Amazon’s total investment in Anthropic to $8 billion, Anthropic said Friday (Nov. 22). press release.

“By combining Anthropic’s expertise in cutting-edge AI systems with AWS’s world-class infrastructure, we are building a secure, enterprise-ready platform that enables organizations of all sizes to access the cutting edge of AI technology,” Anthropic said in the release.

The expanded partnership builds on the one announced in September 2023, which included Amazon investing $4 billion in Anthropic and Anthropic making AWS its partner. primary cloud partnerAmazon said on Friday press release.

In April, the companies added Anthropic’s Claude family of AI models has Amazonian substrateAWS’s fully managed service that provides secure access to core templates.

As part of their newly expanded partnership, the companies will offer AWS customers early access to refine their own data on new Anthropic models as they are released, according to the Amazon version.

“The response from AWS customers developing generative AI applications powered by Anthropic in Amazon Bedrock has been remarkable,” AWS CEO. Matt Garman » said in the Amazon press release. “By continuing to deploy Anthropic models in Amazon Bedrock and collaborating with Anthropic on the development of our custom Trainium chips, we will continue to push the boundaries of what customers can achieve with generative AI technologies.

Millions of end users and tens of thousands of customers, including startups, enterprises, and government institutions, use Anthropic. Claude in the Amazonian bedrockaccording to the Amazon press release.

The announcement came two days after the U.S. Ministry of Justice proposed to force Google to relax partnership with Anthropic in a proposal to resolve an antitrust case against Google.

It also comes three days after the UK’s competition watchdog, the Competition and Markets Authority (CMA), cleared Google’s partnership with Anthropic, saying the deal between the tech giant and the Getting started with AI did not warrant further investigation.

Among foundation modelsAnthropic’s enterprise market share increased from 12% in 2023 to 24% this year.

PYMNTS-MonitorEdge-May-2024

See more in: Amazon, Anthropic, artificial intelligence, funding, GénAI, Innovation, Investments, News, partnerships, PYMNTS News, Technology, What’s hot

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