Amazon is looking to increase its investment in AI startup Anthropic with a multi-billion-dollar deal, according to The Information. This would be Amazon’s first financial pledge since a $4 billion deal last year.
The investment would be similar to the previous one but with one key condition: Amazon wants Anthropic to use its own silicon and AWS cloud services for AI training, rather than the Nvidia chips Anthropic usually prefers. Anthropic, projected to burn through $2.7 billion in 2024, has been in talks to raise funds at a $40 billion valuation. The company is under pressure to secure this deal quickly to scale its AI products.
With this major investment, Amazon is positioning itself to play a key role in Anthropic’s future growth.
