share_log

Amazon is ramping up its AI competition and plans to invest several billion dollars in Anthropic to counter Google.

Zhitong Finance ·  Jul 10 14:28

This potential capital increase not only demonstrates its strategic emphasis on generative AI technology but is also seen as a key move by Amazon to build a closed-loop AI ecosystem.

According to sources cited by Zhitong Finance on Thursday, $Amazon (AMZN.US)$ Amazon is considering an additional multi-billion dollar investment in the AI company Anthropic to deepen their strategic partnership.

Reports indicate that the e-commerce giant intends to increase its investment beyond the $8 billion framework committed in November last year, further solidifying its position as a major shareholder in Anthropic. In response to these rumors, Anthropic declined to comment, and Amazon did not immediately respond to media inquiries.

Looking back at their collaboration, Amazon invested $4 billion in Anthropic, a significant competitor to OpenAI, in November last year, doubling its total investment in the AI startup. Analysts suggest that if this additional investment goes through, Amazon will continue to lead over Alphabet (GOOGL.US), which has already invested over $3 billion in Anthropic, maintaining its status as one of the largest institutional shareholders.

Dan Grossman, Vice President of Global Corporate Development at Amazon, stated, "We are highly aligned with Anthropic in our core objectives, and the scale of our current investment fully reflects the ambition of our partnership."

Currently, in the competition between OpenAI and $Alphabet-A (GOOGL.US)$ In the context of technology giants such as Alphabet-A and others taking the lead in the AI domain, Amazon is increasing its technological investment and talent deployment to enhance its influence in the consumer AI model development sector.

This potential capital increase not only underscores Amazon's strategic emphasis on generative AI technology but is also seen as a critical step in building a comprehensive AI ecosystem. Notably, the company has recently been continuously attracting top AI talent through innovative incentive mechanisms, accelerating the application and commercialization of technological advancements.

Always stepping on landmines with your investments?Futubull AI is now live!Precise answers, comprehensive insights, and the ability to seize key opportunities!

Editor/joryn

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment