Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Amazon increases AI startup Anthropic investment with additional $2.75bn funding

by March 28, 2024
March 28, 2024
Amazon increases AI startup Anthropic investment with additional $2.75bn funding

Amazon announced on Wednesday that it will be increasing its investment in Anthropic, an artificial intelligence startup based in San Francisco, by an additional $2.75 billion.

This brings Amazon’s total investment in Anthropic to $4 billion, while the tech giant will maintain a minority stake in the company. Anthropic is considered a competitor to OpenAI, the maker of ChatGPT.

Swami Sivasubramanian, the vice-president of data and AI at Amazon Web Services (AWS), Amazon’s cloud-computing subsidiary, emphasized the potential of generative AI to be a transformative technology. He stated that the collaboration with Anthropic will further enhance customer experiences, indicating excitement for future developments.

Amazon’s initial investment in Anthropic was $1.25 billion in September, with plans to invest up to $4 billion. The collaboration between the two companies focuses on developing foundation models, which are fundamental to generative AI systems.

Anthropic will utilize AWS as its primary cloud provider and leverage Amazon’s custom chips for building, training, and deploying AI models. Additionally, Anthropic’s AI models will be accessible to AWS customers through an Amazon service called Bedrock, with companies like Delta Air Lines and Siemens already utilizing Bedrock to access Anthropic’s AI models.

This investment reflects the ongoing trend of major tech companies investing in artificial intelligence startups, driven by increasing interest from both the public and businesses in AI technology. However, these investments have drawn scrutiny from US antitrust regulators, who announced earlier this year that they are reviewing such investments.

Read more:
Amazon increases AI startup Anthropic investment with additional $2.75bn funding

0
FacebookTwitterGoogle +Pinterest
previous post
Secondhand clothing sales set to be 10% of global fashion market in 2025
next post
Return of the Meme Stock Frenzy: Is Now the Time to Shift Your Investment Focus?

You may also like

The Chancellors’ winners and losers

September 23, 2022

Government sells off more NatWest shares ahead of...

January 3, 2024

Amazon demands full return to office five days...

September 17, 2024

X owner Elon Musk to be invited to...

August 23, 2023

How to Enhance Your Warehouse Operations with Cutting-Edge...

March 3, 2025

Reeves scraps winter fuel payments for 10M pensioners...

July 29, 2024

The Major Challenges of Having Multiple Payment Gateways

July 12, 2024

UK watchdog to review inflation-busting rises on mobile...

February 10, 2023

Apple halts Advanced Data Protection in the UK:...

February 26, 2025

Over half of UK organisations to cut expenses...

March 31, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • DAVID MARCUS: Zany Zohran endorsement is existential choice for Hakeem Jeffries

      July 26, 2025
    • FTC firings take spotlight in Trump’s fight to erase independence of agencies

      July 26, 2025
    • DNI Tulsi Gabbard declassified Trump-Russia docs: Here’s what they say

      July 26, 2025
    • Trump signs rescissions package, closes out week with trip to Scotland

      July 26, 2025
    • CHARLIE KIRK: Republicans must seize Gen Z moment or risk losing an entire generation

      July 26, 2025
    • Technology in Hospitality: Innovations Shaping Guest Experiences

      July 26, 2025

    Categories

    • Business (8,580)
    • Investing (2,151)
    • Politics (16,208)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved