Amazon doubles down on AI power anthropic, investing $2.75 billion into the start-up
After the September deal, when Amazon invested $1.2 billion into the growing AI power Anthropic, the company has recently invested a further $2.75 billion into Anthropic. Sources are saying that the company must have invested in better results than its last investment or that there are no horses back for the company.
The September deal was in exchange for a minority stake and Anthropic has agreed to continue using AWS for all of its computation needs. As per the sources Amazon has decided to increase its investment up to $4 billion, and here it is. On Wednesday the company almost doubled down tier investment on Antropic.
Anthropic has released its family of models – Cluade 3 Opus as a competition of OpeniAI chatbot and Google Gemini. The company claims Cluade 3 to be the best AI model on all benchmarks. “Claude 3 tends to generate more expressive and engaging responses,” Anthropic writes in a support article. “[It’s] easier to prompt and steer compared to our legacy models. Users should find that they can achieve the desired results with shorter prompts.”
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Anthropic AI models are one of the best AI models released by startup companies in competition with models like ChatGPT and Gemini. However, tech Giants like Amazon and Microsoft are somewhere lacking in releasing their own AI models and are contributing with the other companies. Undoubtedly, they both are getting benefits from it, either if we look into the news of Amazon looking for a deal with Google to use their AI chatbot Gemini.
In their press conference, Amazon CEO, Tim Crook announced that we are looking to invest big in the A field. Investing in AI startups seems a big strategic move by the tech giants. Today the AI world is nothing but like a round table of one exactly known where we get the table.
The two firms said, “As the e-commerce group steps up its rivalry against Microsoft, Meta, Google, and Nvidia in the fast-growing sector that many technologists believe could be the next great frontier.”
