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Home » Amazon, Anthropic AI Startup Partner in $4 Billion Investment

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Amazon, Anthropic AI Startup Partner in $4 Billion Investment

Abdulsamad Muhyideen
Last updated: September 25, 2023 10:41 am
By Abdulsamad Muhyideen
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Amazon and the artificial intelligence (AI) startup Anthropic have announced a new investment agreement to support the research and development of new high-performance foundation models.

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Amazon, Anthropic AI Startup Partner in $4 Billion Investment

Anthropic disclosed in a post on X, formerly Twitter, that Amazon invested $4 billion in its work in exchange for access to Amazon cloud services (AWS) Trainium and Inferentia processors.

It stated that it would provide “enhanced support” for Amazon Bedrock , which creates foundation models, and “secure model customization and fine-tuning” for businesses. Amazon teams will also be able to use Bedrock to construct models from Anthropic.

Today, we’re announcing that @Amazon will invest up to $4 billion in Anthropic. The agreement is part of a broader collaboration to develop reliable and high-performing foundation models. pic.twitter.com/lPJ03oqr6C

— Anthropic (@AnthropicAI) September 25, 2023

In addition, Amazon is reportedly acquiring a “minority stake” in Anthropic through this transaction. The latter stated that this has not affected its governance.

“As outlined in this policy, we will conduct pre-deployment tests of new models to help us manage the risks of increasingly capable AI systems.”

Former members of Microsoft-backed OpenAI, the creator of the viral AI chatbot ChatGPT, founded the AI startup.

This latest development follows Anthropic’s August announcement of a $100 million investment from the South Korean telecommunications behemoth SK Telecom.

This initiative resulted from a collaboration between Anthropic and SK Telecom to create a multilingual large language model (LLM) for the Telco AI Platform of the latter.

Anthropic has recently been a part of significant AI community movements. In July, it joined Google, OpenAI, Microsoft, and others in forming the “Frontier Model Forum,” which aims to self-regulate the development from within.

It has also participated in initiatives led by the United States government to develop and regulate artificial intelligence, including a cybersecurity challenge aimed at bolstering its “critical infrastructure.”

TAGGED:AI StartupAmazonAnthropic
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