Amazon weighs further investment in Anthropic to deepen AI alliance
INDIANA, JUL 10 – Amazon aims to maintain a leading stake in Anthropic by considering a multibillion-dollar investment to strengthen AI collaboration amid competition from Google and OpenAI, Financial Times said.
- Amazon is exploring the possibility of making a new multibillion-dollar funding commitment to Anthropic in 2025 to enhance their strategic collaboration.
- This move follows Amazon's $8 billion investment in Anthropic in November last year, reflecting shared goals and significant ambition, according to VP Dan Grossman.
- The investment comes amid Amazon's broader AI efforts, including launching the Starfish project in late 2024 to enhance product listings using AI to synthesize data from 200,000 external websites.
- Amazon projects that its Starfish initiative will boost total merchandise sales by $7.5 billion in 2025 by enhancing the accuracy, range, and relevance of its product catalog, while also assessing its impact through controlled A/B testing of sales performance.
- This additional investment could help Amazon maintain a leading AI development role and keep its marketplace competitive, aiming to become the top global source of product information.
23 Articles
23 Articles
Amazon is seriously evaluating a new multimillion dollar investment in the artificial intelligence company Anthropic, according to the original report of the Financial Times.This move seeks not only to strengthen its strategic collaboration, but also to consolidate its position in a highly competitive market. Amazon's interest responds to its ambition to remain at the forefront of technology, especially in a time when artificial intelligence gen…
Tech giant Amazon is planning to increase its spending on artificial intelligence. The company is considering another billion-dollar investment in Anthropic, the startup behind the Claude AI model. The collaboration is expected to help Amazon compete with Microsoft and OpenAI, among other things.
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