CNBC March 27, 2024
Key Points
– Amazon is spending billions more to back an artificial intelligence startup as it looks for an edge in the new technology arms race.
– The tech and cloud giant said Wednesday it would spend another $2.75 billion backing Anthropic, adding to its initial $1.25 billion check.
– It’s the latest in a spending blitz by cloud providers to stay ahead in what’s viewed as a new technology revolution.
Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race.
The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup that’s widely viewed as a front-runner in...
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