Amazon.com mulls new multi-billion dollar investment in Anthropic: Report

Reuters Reuters | 11-08 16:20

Amazon is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the Information reported on Thursday, citing a person familiar with the matter.

The cloud services giant announced an investment of $4 billion in the OpenAI rival in September last year, saying its customers would gain early access to Anthropic's technology.

Amazon has asked Anthropic, which uses Amazon's cloud services to train its AI model, to use a large number of servers powered by chips developed by the cloud computing major, the report said.

It added that the AI startup prefers to use Amazon servers powered by Nvidia-designed AI chips.

Amazon did not immediately respond to a Reuters request for comment, while Anthropic declined comment.

Anthropic, which was co-founded by former OpenAI executives and siblings Dario and Daniela Amodei, last year said it had secured a $500 million investment from Google-parent Alphabet, which promised to invest another $1.5 billion over time.

Published - November 08, 2024 09:04 am IST

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

LG Energy Solution secures 5-year deal to supply EV batteries to Rivian

LGES said its 4695 cylindrical battery cells are gaining popularity thanks to their larger capacityS...

GM ending production of Cadillac XT4 SUV as it shifts to electric vehicles

GM plans to end production of its Chevrolet Malibu this month.General Motors said on Thursday it wil...

Ashok Leyland reports 37% PAT growth in Q2 FY25, driven by strong domestic and export performance

Ashok Leyland's export volumes for the second quarter reached 3,310 units, marking a 14% increase. A...

What is fuelling M&M’s growth even as the auto sector is slowing down? Anish Shah explains

Mahindra Group CEO and MD Anish ShahAnish Shah, Group CEO & MD, Mahindra Group, says what is hel...

IIT-I's innovative thermal management solution for EVs

Prof Sahu said that the impact of this innovation reaches far beyond EVs.IIT Indore has developed a ...

China's car sales jump in October as automakers rush to meet annual goals

The biggest Chinese rival to Tesla has achieved 81% of its revised sales target for this yearChina's...