Amazon pours additional 2.75bn into AI startup Anthropic

Amazon said on Wednesday it will pour an additional 2.75bn into Anthropic, bringing its total investment in the artificial intelligence startup to 4bn. The technology giant will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI. "Generative AI is poised to be the most transformational technology of our time, and we believe our strategic collaboration with Anthropic will further improve our customers' experiences, and look forward to what's next," said Swami Sivasubramanian, vice-president of data and AI at Amazon Web Services, or AWS, Amazon's cloud-computing subsidiary. The Seattle-based tech giant made an initial investment of 1.25bn in Anthropic in September, and indicated then it had plans to invest up to 4bn. Get set for the working day – we'll point you to all the business news and analysis you need every morning The two companies are collaborating to develop so-called foundation models, which underpin the generative AI systems that have captured global attention.