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Amazon fights OpenAI with $4B Anthropic funding 

Via AI Tool Report

Amazon fights OpenAI with $4B Anthropic funding
Anthropic and Amazon logos
“Our Report: Following its $1.25B investment in September, Amazon has invested a further $2.75B in Anthropic (co-founded by ex-OpenAI engineers), which has just released Claude 3, reportedly more powerful than OpenAI’s GPT-4, outperforming both on industry benchmark tests.
 Key Points:
  • This brings Amazon’s Anthropic investment to $4B (their biggest-ever outside investment), and although they’ll maintain a minority stake, they won’t have a seat on the board.
  • Under the deal, Anthropic will use AWS as its primary cloud provider and Amazon’s chips for “mission-critical work” including safety research and future models.
  • Anthropic has closed five funding deals over the past year (including $500M from Google, with a commitment to increase to $2B) taking its total funding amount to $7.3B.
 Why you should care: Amazon’s $4B investment in Anthropic will no doubt raise alarm bells with US antitrust regulators following investigations into big tech investments in start-ups (like Microsoft’s $10B investment in OpenAI) to ensure fair competition.”

 

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Posted on: March 28, 2024, 11:59 am Category: Uncategorized

By: Stephen Abram

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