Business & Tech
Amazon Pours An Additional $2.75 Billion Into San Francisco-Based AI Startup Anthropic
The tech giant made an initial investment of $1.25 billion in Anthropic in September but had plans to invest up to $4 billion.
March 29, 2024
Amazon said Wednesday it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion.
Find out what's happening in San Franciscofor free with the latest updates from Patch.
Amazon will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI.
"Generative AI is poised to be the most transformational technology of our time, and we believe our strategic collaboration with Anthropic will further improve our customers' experiences, and look forward to what's next," said Swami Sivasubramanian, vice president of data and AI at AWS, Amazon's cloud computing subsidiary.
Find out what's happening in San Franciscofor free with the latest updates from Patch.
Click here for the full story via CBS San Francisco
CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.
