Amazon pours another $4B into Anthropic, OpenAI’s biggest rival
On Friday, Anthropic announced that Amazon has increased its investment in the AI startup by $4 billion, bringing its total stake to $8 billion while maintaining its minority investor position. Anthropic makes Claude, an AI assistant rival to OpenAI's ChatGPT.
Amazon to invest another $4B in Anthropic as part of AI, chip collaboration
Anthropic’s latest funding round comes two months after OpenAI raised $6.6 billion in the largest startup investment on record. It also secured a $4 billion line of credit from a group of banks. OpenAI, which is now worth $157 billion, will invest the funds in AI research and compute infrastructure.
Investors hoping for initial public offerings from hot artificial-intelligence unicorns Anthropic and OpenAI sometime next year are probably going to be disappointed.
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