Amazon Announces Minority Ownership in ChatGPT Rival Anthropic AI, Completing $4 Billion Investment Deal

cryptonews.com:

Amazon has invested $4 billion in ChatGPT’s rival artificial intelligence (AI) startup Anthropic, solidifying its minority ownership in the company. 

In a  recent announcement , the e-commerce and technology giant revealed that it has injected an additional $2.75 billion into Anthropic, following an initial investment of $1.25 billion made back in September.

Anthropic, founded in 2021 by former members of OpenAI, has emerged as a notable competitor to ChatGPT with its own AI chatbot named Claude. 

The company recently unveiled Claude 3, its most advanced version capable of analyzing images alongside its chat capabilities.

As part of the investment deal, Amazon disclosed that Anthropic has chosen Amazon Web Services (AWS) as its primary cloud provider for critical workloads, including safety research and future model development. 

Anthropic will leverage AWS Trainium and Inferentia chips to construct, train, and deploy its upcoming models.

“We have a notable history with Anthropic, together helping organizations of all sizes around the world to deploy advanced generative artificial intelligence applications across their organizations,” Swami Sivasubramanian, Vice President of Data and AI at AWS, said. 

He referred to generative AI as “the most transformational technology of our time.”

Amazon just made its largest outside investment in history at $2.75 Billion.

In none other than Anthropic.

This puts Anthropic's valuation at roughly $18.4 billion. pic.twitter.com/nt4yorTHGm

— Rowan Cheung (@rowancheung) March 28, 2024

In addition to its significant AI investments, Amazon recently launched its own AI-powered assistant, Amazon Q, tailored for businesses. 

Amazon Q boasts chatbot capabilities, problem-solving abilities,