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Amazon scrambles for its place in the AI race

Mar 30, 2024 - theverge.com
Amazon has completed the second phase of its investment in OpenAI rival, Anthropic, bringing its total investment to $4 billion. This is Amazon's largest investment in another company and highlights the importance of developing large language models to compete with Microsoft's OpenAI-powered offerings through Amazon Web Services (AWS). Despite only having a minority stake and no board seat, Amazon has committed billions of dollars to Anthropic, which has agreed to spend $4 billion on AWS over the next few years.

However, Amazon's relationship with Anthropic is not as straightforward as it seems. Amazon's AGI team, led by SVP Rohit Prasad, is aiming to outperform Anthropic's latest Claude models by mid-year with its upcoming flagship model, codenamed Olympus. This model is currently in training and is expected to have hundreds of billions of parameters.

Key takeaways:

  • Amazon has completed the second phase of a deal with OpenAI rival Anthropic, investing an additional $2.75 billion, marking Amazon's largest investment in another company.
  • The investment is a strategic move by Amazon to compete with Microsoft's OpenAI-powered offerings through AWS.
  • Anthropic has agreed to spend $4 billion on AWS over the next several years, a move that parallels Microsoft's funding of OpenAI's compute needs.
  • Amazon's AGI team, led by SVP Rohit Prasad, is aiming to outperform Anthropic's latest Claude models with their forthcoming flagship model, codenamed Olympus, by the middle of this year.
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