(AOF) – The arms race in artificial intelligence is intensifying. Amazon will invest up to $4 billion in Anthropic and hold a minority stake in the company specializing in artificial intelligence and creator of a ChatGPT competitor, Claude. On the stock market, the action of the online merchant and cloud specialist gained 1.39% to $130.91, thus escaping the market decline. Amazon is considered to be behind in this area compared to other tech giants, including Microsoft and Google.
In a joint interview cited by Reuters, the directors of the cloud divisions of Amazon and Anthropic specified that the immediate investment would amount to $ 1.25 billion, with the possibility of one or the other group to unlock an additional $2.75 billion in financing from Amazon. In May, Anthropic raised $450 million from investors including Google, Spark Capital and Salesforce.
As part of the agreement, Amazon customers will have early access to Anthropic’s solutions. They will have access to “unique features for model customization and fine-tuning capabilities.” AWS (Amazon Web Services) also becomes Anthropic’s main cloud provider and the latter will use chips designed internally by Amazon.
Using Anthropic’s models, Amazon developers and engineers will be able to integrate “generative AI capabilities into their work, improve existing applications, and create new customer experiences across Amazon’s businesses.” explained the latter.
Before continuing: “Customers who access Anthropic’s current models through Amazon Bedrock create AI-powered generative applications that help them automate tasks such as producing market forecasts, developing research reports , the discovery of new medicines for healthcare and the personalization of education programs”.
© 2023 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
