Amazon (AMZN, Financial) increased its bet on Anthropic, an AI company, by injecting an additional $4 billion, bringing the total amount invested to $8 billion. This investment will be made gradually through convertible notes, with $1.3 billion to be invested first. Amazon will also remain a minority investor in Anthropic, which announced the news on Friday. It also brings the expansion closer to their already deep relationship, with Amazon Web Services (AWS) as Anthropic’s primary training ally. Will AWS support Anthropic’s future AI solutions, while Amazon Trainium and Amazon Inferential chips help improve training performance?
This agreement shows the growing interest of giants like Amazon in generative AI, like that of Microsoft (MSFT, Financial) investment in the OpenAI project. As part of this partnership, AWS will also provide first access to Anthropic’s custom tuning capabilities to AWS customers developing AI solutions.
The latest investment demonstrates the competitive race in the field of AI, in which organizations are partnering with key players to advance in this field. Anthropic has already integrated its AI models into AWS’s Bedrock service, and this deeper integration certainly appears to boost the spread of advanced generative AI across industries.
This article first appeared on GuruFocus.