We acknowledge the significance of your online privacy and acknowledge that granting us permission to collect some personal information requires a great deal of trust. We seek this consent as it enables Distinct Post to offer a platform that amplifies the voices of the marginalized. By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Distinct PostDistinct Post
Aa
  • Home
  • Israel-Gaza Conflict
  • World
  • Entertainment
  • Style
  • Health
  • Sports
  • Business
  • Royals
Reading: Amazon to invest up to $4 billion in Anthropic as an online retail steps up AI race
Share
Aa
Distinct PostDistinct Post
  • Home
  • Israel-Gaza Conflict
  • World
  • Entertainment
  • Style
  • Health
  • Sports
  • Business
  • Royals
Search
  • Home
  • Israel-Gaza Conflict
  • World
  • Entertainment
  • Style
  • Health
  • Sports
  • Business
  • Royals
Follow US
Distinct Post > Business > Tech > Amazon to invest up to $4 billion in Anthropic as an online retail steps up AI race
amazon-to-invest-up-to-4-billion-in-anthropic-as-an-online-retail-steps-up-ai-race
Tech

Amazon to invest up to $4 billion in Anthropic as an online retail steps up AI race

Lisa Sean Published September 25, 2023
SHARE

On Monday, Amazon said that it would invest up to $4 billion in AI firm Anthropic, as the online retail giant access into an AI race overpowered by Microsoft, Google, and OpenAI.

The success of OpenAI’s ChatGPT, a chatbot public the previous year that can develop poems, essays, and other assignments with just a brief prompt, has caused to billions be invested in the field.

Amazon had already disclosed it wants to soup up its Alexa voice assistant with generative AI, which the company said would let users have smoother talks.

Anthropic, a San Francisco-based AI firm, is noticed as a leader in the field and has its chatbot, Claude, a contender to ChatGPT.

Andy Jassy, the CEO of Amazon, said, “We have incredible respect for Anthropic’s team and foundation models, and think we can help enhance many customer experiences, short and long-term, through our deeper collaboration.”

The giant companies and rich investors of Silicon Valley have invested money into artificial intelligence as they aim to discover a killer application to explain the interest.

ChatGPT’s instant success tossed much of the focus onto chatbots and flared impersonators and opponents, not least from Google with its Bard chatbot.

Chinese titans Tencent and Baidu have also introduced bots they claim can oppose ChatGPT.

As part of Monday’s agreement, Anthropic will utilize Amazon’s chips to design its next models.

The AI firm will also operate Amazon’s cloud services — the data centers that store and process data on an extensive scale — for “mission critical workloads”.

Amazon said it would bring a “minority ownership position” to the AI firm, which has already made more than $1 billion since it was set up in 2021.

The statement revealing the agreement focuses on the advantages to customers of Amazon’s cloud computing arm, Amazon Web Services (AWS).

The agreement boosts the contest between Amazon and Google, which had earlier opened its cloud services to Anthropic and invested $300 million to obtain 10 percent of the company.

You Might Also Like

Strongest Evidence of Life Beyond Earth Found on Planet K2-18b

AI-Powered Travel Planning Takes Over: The Decline of Traditional Travel Agencies

Trump Eases Tariff Pressure with Tech Exemptions on Chinese Electronics

TikTok U.S. Deal Delayed as China Pushes Back Amid Rising Tariff Tensions

Trump Confirms TikTok Sale Deal Expected Before Saturday’s Deadline

Lisa Sean September 25, 2023 September 25, 2023
Popular News
Business

UAE to Establish Specialized Judicial Bodies to Combat Money Laundering and Financial Crimes

Claire Martin Claire Martin July 31, 2023
BTS Jungkook Overtaken by Bruno Mars and BLACKPINK’s Rosé as ‘APT’ Hits One Billion Streams
“They treated us well,” an Israeli hostage, freed by Hamas, describes a two-week captivity experience in a press conference
Travis Kelce is reportedly en route to Singapore to see Taylor Swift 
Justin and Hailey Bieber Shine in Matching Outfits at Victoria Monét’s LA Concert

Categories

  • Market
  • Tech
  • Fitness
  • Food
  • Celebrity
  • Fashion
  • Beauty
  • Football
  • Cricket
  • Entertainment
    • Celebrity
    • Movies
    • Television
  • Style
    • Arts
    • Beauty
    • Fashion
  • Health
    • Fitness
    • Food
  • Sports
    • Baseball
    • Basketball
    • Cricket
    • Football
    • Olympics
  • Business
    • Market
    • Tech
Useful Links
  • About us
  • Privacy policy
  • Term Of Use

2023 © Distinct Post News & Media. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?