Amazon to invest £3.2 billion in Anthropic to fuel AI innovation
Amazon is planning to invest £3.2 billion ($4 billion) in Anthropic, a competitor to ChatGPT. This partnership will make Anthropic's advanced AI models more accessible to AWS customers. Initially, £1 billion ($1.25 billion) will be invested, with the potential for an additional £2.25 billion ($2.75 billion) from Amazon. The ownership stake and updated valuation of Anthropic have not been disclosed, but it's expected to be valued at over £3.2 billion ($4 billion). Amazon will have a minority position and won't join the board, but its employees and cloud customers will gain early access to Anthropic's technology. Developers can use Anthropic models via Amazon Bedrock to integrate generative AI into their projects.