Tech company plays catchup after Microsoft’s deal with ChatGPT developer in January
Amazon is to invest up to $4bn (£3.2bn) in the startup Anthropic, which has created a rival to ChatGPT called Claude, as the Silicon Valley giant seeks to keep pace with rivals including Microsoft and Google in the race to dominate the artificial intelligence space.
Under the terms of the deal, Amazon will invest an initial $1.25bn into Anthropic, which was founded about two years ago by former research executives from the ChatGPT developer OpenAI, and take a minority stake in the business.
About Author
More Stories
Xi Jinping tells Alibaba’s Jack Ma and Chinese tech chiefs to ‘show their talent’
Hackers steal $1.5bn from crypto exchange in ‘biggest digital heist ever’
Nigeria sues crypto giant Binance for $81.5bn in economic losses and back tax