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Big Law

Amazon Invests Additional $2.75 Billion Into AI Startup Anthropic in Its Largest Venture Investment Yet

Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race.

The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup that’s widely viewed as a front-runner in generative artificial intelligence. Its foundation model and chatbot Claude competes with OpenAI and ChatGPT.

The companies announced an initial $1.25 billion investment in September, and said at the time that Amazon would invest up to $4 billion. Wednesday’s news marks Amazon’s second tranche of that funding.

Read the source article at CNBC

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