Why Amazon has pumped $2.75 billion into AI start-up Anthropic?
Shortpedia
Content Team
Image Credit: tech crunch
In a significant development, Amazon has invested an additional $2.75 billion in San Francisco-based start-up Anthropic, known for its work in generative artificial intelligence. This follows Amazon's initial investment of $1.25 billion in September, bringing the total investment to $4 billion. The transaction was based on Anthropic's latest valuation of $18.4 billion, and allows Amazon to maintain a minority stake without board representation.
