Amazon to invest up to $4b in OpenAI rival Anthropic

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In 50 Words: Amazon to invest up to $4b in OpenAI rival Anthropic

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In 50 Words: Amazon to invest up to $4b in OpenAI rival Anthropic

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Amazon plans to invest up to US$4 billion in Anthropic, the US-based AI startup behind ChatGPT rival Claude. This will include an initial investment of US$1.3 billion for a minority stake in Anthropic.

The deal will also integrate tools under Amazon Web Services into Anthropic’s operations.

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