Amazon to invest up to $4bn in AI start-up Anthropic

E-commerce giant Amazon announced on Monday that it will invest up to $4 billion in artificial intelligence (AI) firm Anthropic and take a minority ownership position in the company.

Amazon said it will initially invest $1.25 billion for a minority stake in Anthropic, which like Google’s Bard and Microsoft-backed OpenAI also operates an AI-powered, text analyzing chatbot.

The two companies disclosed that they are forming a strategic collaboration to advance generative AI, with the startup selecting Amazon Web Services as its primary cloud provider.