The post Amazon’s Strategic Investment in AI Firm Anthropic appeared first on Coinpedia Fintech News
Amazon announced on Monday about its plan to invest billions in an Artificial Intelligence firm – Anthropic. This investment is a strategic move to keep up with its competitors – Microsoft and Google.
Shifting Focus on AI
Anthropic, a young company born just a few years back, made headlines when it released Claude 2 – a new AI chatbot. This new AI chatbot had strong coding and mathematics skills and a large context window able to explain its thinking.
Amazon is attempting to capitalize on the excitement and promise of so-called generative AI, which includes technologies such as OpenAI’s ChatGPT and Anthropic’s Claude chatbots.
Amazon promised to invest $1.25 billion in Anthropic initially and is planning to invest up to $4 billion in the future. This initial investment is bound to secure Amazon a minority stake in the company. Also, this announcement proves its firm comm
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