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Amazon to invest up to $4 billion in OpenAI-rival Anthropic

Sep 25, 2023 - aibeat.co
Amazon has agreed to invest up to $4 billion in AI firm Anthropic, securing a minority stake in the company. The deal includes an initial investment of $1.25 billion, with the remainder to be invested later. Prior to this, Anthropic had raised $1.1 billion and was valued at $5 billion. The new investment likely pushes its valuation beyond the second-highest valued AI startup, Scale, valued at $7.1 billion. As part of the deal, AWS will become Anthropic’s primary cloud provider, and the company will use AWS Trainium and Inferentia chips for its future foundation models.

Anthropic, founded by Dario and Daniela Amodei in 2021, builds large language models (LLMs) and offers two models, Claude 2 and Claude Instant. The company's partnership with Amazon will allow AWS customers access to its upcoming foundation models through Amazon Bedrock, with early access to unique features for model customization and fine-tuning capabilities. Amazon will also use Anthropic’s models to integrate generative AI features into its own products.

Key takeaways:

  • Amazon has agreed to invest up to $4 billion in Anthropic, a generative AI firm, securing a minority position in the company.
  • Anthropic was founded by Dario and Daniela Amodei, who previously held leadership roles at OpenAI, and the company builds large language models that are reliable, interpretable, and steerable.
  • As part of the deal with Amazon, Anthropic will grant AWS customers access to its upcoming foundation models through Amazon Bedrock, with early access to unique features for model customization and fine-tuning capabilities.
  • Amazon will also use Anthropic’s models to integrate generative AI features into its own products, and Anthropic will use AWS Trainium chips to develop future foundation models.
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