Amazon on Monday said that it will invest up to USD 4 billion in cash in startup Anthropic, according to Reuters.
The San Francisco-based startup also committed to rely primarily on Amazon’s cloud services, including training its future AI models on large quantities of proprietary chips it would buy from the online retailing and computing giant.
The CEOs of Amazon’s cloud division and Anthropic told to Reuters that the immediate investment will be USD 1.25 billion, with either party having the authority to trigger another USD 2.75 billion in funding by Amazon.
Amazon’s employees and cloud customers will gain early access to technology from Anthropic as part of the deal, which they can infuse into their businesses.
As per media reports, Anthropic was last valued at USD 5 billion.
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