The funds were contributed in the form of a convertible note, as part of an earlier deal in which Amazon had the right to add additional funds before the end of March. Anthropic is known for building AI tools that can generate text and analysis.
Key takeaways:
- Amazon.com Inc. is investing an additional $2.75 billion in AI startup Anthropic.
- This completes a deal made last year to back the startup and expand their partnership.
- The total investment from Amazon in Anthropic now stands at $4 billion.
- As part of the deal, Amazon had the right to contribute the additional funds in the form of a convertible note, provided it did so before the end of March.