Amazon to invest as much as $4 billion in AI startup Anthropic | TechCrunch
techcrunch.com
Amazon has agreed to invest up to $4 billion in the AI startup Anthropic, the two firms said, as the e-commerce group steps up its rivalry against In Amazon, Anthropic finds a deeply-pocketed strategic investor that can also provide compute power and help sell the offerings to cloud customers.
  • AutoTL;DR@lemmings.worldBEnglish
    1·
    1 year ago

    This is the best summary I could come up with:

    Amazon has agreed to invest up to $4 billion in the AI startup Anthropic, 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.

    The e-commerce group said it will initially invest $1.25 billion for a minority stake in Anthropic, which like Google’s Bard and Microsoft-backed OpenAI also operates an AI-powered, text analyzing chatbot.

    In Amazon, Anthropic has found a deeply-pocketed strategic investor that can also provide it with compute power to build future AI models and then find and help sell the offerings to scores of cloud customers.

    Anthropic chief executive and co-founder Dario Amodei told TechCrunch Disrupt audience last week that he doesn’t see any barriers on the horizon for his company’s key technology.

    Amazon’s investment and supply of AWS Trainium and Inferentia technology will ensure we’re equipped to continue advancing the frontier of AI safety and research,” said Anthropic in a statement.

    “We look forward to working closely with Amazon to responsibly scale adoption of Claude and deliver safe AI cloud technologies to organizations around the world.”

    The original article contains 682 words, the summary contains 192 words. Saved 72%. I’m a bot and I’m open source!