Amazon Invests $4 Billion in Anthropic, Deepening Its A.I. Ties [The New York Times]
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Source: The New York Times
Amazon said on Friday that it would invest another $4 billion in Anthropic, a start-up that competes with OpenAI and Google in the increasingly competitive field of artificial intelligence.Over the past 14 months, Amazon has poured $8 billion into Anthropic, a sign of the urgency the tech giant feels to keep pace with its rivals in developing new A.I. tools that are reshaping the tech sector.Money continues to flow into the biggest A.I. start-ups. Elon Musk’sxAI is in talksOpenAI raised $6.6 billion“We’ve been impressed by Anthropic’s pace of innovation and commitment to responsible development of generative A.I., and look forward to deepening our collaboration,” Matt Garman, the chief executive of Amazon’s cloud computing division, AWS, said in ablog postThe fund-raising comes despite questions among some investors over whether the young, unprofitable companies will be able to develop businesses robust enough to justify their lofty valuations. The concerns are creating winners and lo
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