Amazon Completes $4 Billion Investment in AI Startup Anthropic To Advance GenAI Edge

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Bill McColl
Bill McColl
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Bill McColl has 25+ years of experience as a senior producer and writer for TV, radio, and digital media leading teams of anchors, reporters, and editors in creating news broadcasts, covering some of the most notable news stories of the time.

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Published March 27, 2024
Amazon

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Key Takeaways

  • Amazon said it would invest $2.75 billion in artificial intelligence (AI) startup Anthropic, adding to the $1.25 billion it invested previously as part of a $4 billion financial commitment to expand its reach with generative AI. 
  • As part of Amazon's collaboration with Anthropic, Amazon Web Services customers have access to some of Anthropic's top products.
  • Earlier this month, Anthropic launched Claude 3, the latest generation of its AI model.
  • Amazon said Anthropic's most advanced model in the Claude 3 family called Claude 3 Opus outperforms OpenAI's GPT-4 in reasoning, math, and coding, among other benchmarks.

Amazon (AMZN) said Wednesday it would invest $2.75 billion in artificial intelligence (AI) startup Anthropic, adding to the $1.25 billion it invested previously as part of a $4 billion financial commitment to growing its reach in generative AI.

Amazon noted that as part of its collaboration with Anthropic, Amazon Web Services (AWS) customers have access to some of Anthropic's top products through Amazon Bedrock, a managed service offering foundation models for building generative AI applications on AWS.

Earlier this month, Anthropic launched Claude 3, the latest generation of its AI model. Amazon said Anthropic's most advanced model in the Claude 3 family called Claude 3 Opus outperforms OpenAI's GPT-4 in reasoning, math, and coding, among other benchmarks.

AWS Vice President of Data and AI Swami Sivasubramanian said generative AI is “poised to be the most transformational technology of our time.” He added that "we believe our strategic collaboration with Anthropic will further improve our customers’ experiences, and look forward to what’s next.”

Amazon shares finished 0.9% higher at $179.83 Wednesday. They’ve gained about 20% so far this year.

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  1. Amazon. "Amazon and Anthropic deepen their shared commitment to advancing generative AI."

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