Amazon pours an additional $2.75 billion into AI startup Anthropic [Yahoo! Finance]
Delta Air Lines, Inc. (DAL)
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Source: Yahoo! Finance
Amazon will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI. “Generative AI is poised to be the most transformational technology of our time, and we believe our strategic collaboration with Anthropic will further improve our customers' experiences, and look forward to what's next,” said Swami Sivasubramanian, vice president of data and AI at AWS, Amazon's cloud computing subsidiary. The Seattle-based tech giant made an initial investment of $1.25 billion in Anthropic in September and indicated then it had plans to invest up to $4 billion. The two companies are collaborating to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the deal, Anthropic will use AWS as its “primary” cloud provider and use Amazon's custom chips to build, train and deploy AI models. It will also provide AWS customers, which are mostly businesses, with access to models on an Amazon service
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