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Monday, 09/25/2023 2:47:24 PM

Monday, September 25, 2023 2:47:24 PM

Post# of 188918
The demand pull continues to build.....

Today's WSJ

Amazon to Invest Up to $4 Billion in Anthropic as AI Arms Race Escalates

Deal, which includes broad partnership, follows Microsoft’s multibillion-dollar stake in rival startup OpenAI

https://www.wsj.com/business/deals/amazon-to-invest-up-to-4-billion-in-anthropic-as-ai-arms-race-escalates-649dee22

Amazon said that, as part of the deal, Anthropic would be using its custom chips to build and deploy its AI software. Amazon also agreed to incorporate Anthropic’s technology into products across its business.



Tech giants and venture capitalists have been investing heavily into AI startups this year, following the breakout success of the ChatGPT bot, which can produce humanlike writing and computer code. In January, Microsoft MSFT -0.33%decrease; red down pointing triangle invested $10 billion in the chatbot’s maker, OpenAI, taking a 49% stake as part of an extensive partnership. Google invested more than $300 million in Anthropic in May. Salesforce has also invested in a series of AI startups, including Anthropic and OpenAI rival Cohere.



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