{"id":217823,"date":"2024-03-28T01:21:33","date_gmt":"2024-03-28T01:21:33","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/28\/amazon-injects-another-2-75-billion-into-startup-founded-by-siblings-who-worked-at-openai\/"},"modified":"2025-06-25T17:19:47","modified_gmt":"2025-06-25T17:19:47","slug":"amazon-injects-another-2-75-billion-into-startup-founded-by-siblings-who-worked-at-openai","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/28\/amazon-injects-another-2-75-billion-into-startup-founded-by-siblings-who-worked-at-openai\/","title":{"rendered":"Amazon injects another $2.75 billion into startup founded by siblings who worked at OpenAI"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/03\/GettyImages-1692539711-e1711588253893.jpg?w=2048\" \/><\/p>\n<div data-cy=\"articleContent\">\n<p><a href=\"https:\/\/fortune.com\/company\/amazon-com\/\" target=\"_blank\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Amazon<\/a>.com Inc. says it\u2019s investing an additional $2.75 billion in Anthropic, completing a deal it made last year to back the artificial intelligence startup and expand a partnership between the companies.\u00a0<\/p>\n<div class=\"paywall\">\n<p>The infusion brings Amazon\u2019s total investment in Anthropic, a well-regarded builder of AI tools able to generate text and analysis, to $4 billion, following an earlier investment announced\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-09-25\/amazon-to-invest-as-much-as-4-billion-in-ai-startup-anthropic\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">in September<\/a>. As part of that deal, Amazon had the right to contribute the additional funds in the form of a convertible note, provided it did so before the end of March.\u00a0<\/p>\n<p>As part of the tie-up, Anthropic has also agreed to use Amazon Web Services data centers to power some of its operations, and to use Amazon\u2019s custom-built computer chips. Anthropic, based in San Francisco, has also committed to using chips from Alphabet Inc.\u2019s <a href=\"https:\/\/fortune.com\/company\/alphabet\/\" target=\"_blank\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Google<\/a>, another\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-08\/ai-startup-anthropic-to-use-google-chips-in-expanded-partnership\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">close partner<\/a>.<\/p>\n<p>Anthropic is tied up with multiple big tech companies, including Google, which joined a $450 million round of financing last May led by Spark Capital. Google and Amazon Web Services are both Anthropic\u2019s cloud computing partners.<\/p>\n<p>Anthropic was formed in 2021 by former employees of OpenAI, including Daniela Amodei and her brother Dario, who serves as its chief executive officer. The company has since become one of OpenAI\u2019s most formidable competitors, raising billions in funding. Most of its customers are businesses, ranging from search engine DuckDuckGo to travel guide publisher Lonely Planet.<\/p>\n<p>The company, which offers a chatbot named Claude, has emphasized developing AI safely and responsibly. In early March, it introduced\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-04\/ai-startup-anthropic-launches-new-models-for-chatbot-claude\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">new software for the chatbot<\/a>\u00a0that it said will be better at carrying out complicated instructions and less prone to making things up.<\/p>\n<p>Chatbots capable of mimicking human conversation have become an increasing focus of Silicon Valley companies \u2014 with fast tech advances fueling an investing frenzy. Chatbots themselves are by no means new. But the technology powering Claude and competitors\u2019 bots is a more powerful tool known as a large language model, which is trained on massive swaths of the internet in order to generate text, such as an answer to a question or a poem. Such tools are an application of generative AI, systems that consider input such as a text prompt and use it to output new content.<\/p>\n<\/div>\n<div class=\"sc-f923d9ed-0 dNwVje article\" data-cy=\"subscriptionPlea\">Subscribe to the Eye on AI newsletter to stay abreast of how AI is shaping the future of business. <a href=\"https:\/\/www.fortune.com\/newsletters\/eye-on-ai?&amp;itm_source=fortune&amp;itm_medium=article_tout&amp;itm_campaign=eye_on_ai\" target=\"_self\" rel=\"noopener\" class=\"sc-47dba8f0-0 iRbseu styledLinkColor \">Sign up<\/a> for free.<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/2024\/03\/27\/amazon-siblings-openai\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Amazon.com Inc. says it\u2019s investing an additional $2.75 billion in Anthropic, completing a deal it made last year to back the artificial intelligence startup<\/p>\n","protected":false},"author":1,"featured_media":217824,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[149],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/217823"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=217823"}],"version-history":[{"count":1,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/217823\/revisions"}],"predecessor-version":[{"id":333408,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/217823\/revisions\/333408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/217824"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=217823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=217823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=217823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}