Amazon to invest an additional 5 billion in Anthropic

Anthropic was founded in 2021 by several former employees of OpenAI. Amazon is investing an additional $5 billion in Anthropic, and may inject $20 billion more over time, a deal that deepens the companies' ties in an increasingly competitive artificial intelligence industry. Anthropic, which makes the Claude chatbot and coding tool, plans to spend more than $100 billion over the next 10 years on Amazon's cloud technologies and chips, the companies said in a statement on Monday. Amazon shares gained about 3% on the news in extended trading. Amazon was already one of Anthropic's biggest backers, with prior investments totaling $8 billion.