Amazon to invest up to $4bn in OpenAI rival Anthropic

  • September 25, 2023
  • 0

Tech company plays catchup after Microsoft’s deal with ChatGPT developer in January

Amazon is to invest up to $4bn (£3.2bn) in the startup Anthropic, which has created a rival to ChatGPT called Claude, as the Silicon Valley giant seeks to keep pace with rivals including Microsoft and Google in the race to dominate the artificial intelligence space.

Under the terms of the deal, Amazon will invest an initial $1.25bn into Anthropic, which was founded about two years ago by former research executives from the ChatGPT developer OpenAI, and take a minority stake in the business.

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