PYMNTS.com September 25, 2023
Amazon plans to invest up to $4 billion in artificial intelligence (AI) firm Anthropic.
The investment, announced Monday (Sept. 25), is part of a larger collaboration between the companies and marks the latest move by a tech giant to carve out a piece of the AI space.
The partnership will see Anthropic use Trainium and Inferential chips from Amazon Web Services (AWS) to “build, train, and deploy its future foundation models, benefitting from the price, performance, scale and security of AWS,” Amazon said in a news release, with the companies also working together develop further Trainium and Inferential technology.
In addition, AWS will become Antrhopic’s primary cloud provider for “mission-critical workloads,” with the AI company planning to run a majority...
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