Amazon writes its largest venture cheque yet for AI start-up Anthropic

Amazon has committed a further $2.75 billion to artificial intelligence start-up Anthropic, strengthening its ties to the company as Big Tech’s race to dominate the booming AI sector intensifies.Amazon has committed a further $2.75 billion to artificial intelligence start-up Anthropic, strengthening its ties to the company as Big Tech’s race to dominate the booming AI sector intensifies.

Anthropic is separately raising hundreds of millions of dollars from venture capitalists. Combined, the deals could ultimately furnish Anthropic with billions of dollars in capital and credits to use cloud and computing services, at a valuation of more than $18 billion, according to people with knowledge of the discussions.

Amazon’s Anthropic deal gives the Seattle-based company a well-known partner in AI as it vies with rivals Microsoft and Google for dominance in the space. Anthropic was founded in 2021 by a group of researchers who quit OpenAI over concerns about its commitment to AI safety.

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AI startup Anthropic to open Dublin officeUS artificial intelligence (AI) startup Anthropic is to open an office in Dublin.
Source: RTEbusiness - 🏆 16. / 61 Read more »

AI company Anthropic to open office in DublinSafety and research company is backed by Google and Amazon
Source: IrishTimes - 🏆 3. / 98 Read more »

Energia pays €200m dividend as US private equity owner plots saleGroup could fetch as much as €2.75bn if possible sale takes place
Source: IrishTimes - 🏆 3. / 98 Read more »

Best alternative Easter gift ideas in Amazon's Big Spring SaleAmazon's Big Spring Sale is now in full swing, with price drops on thousands of items including everything from tech to toys
Source: IrishMirror - 🏆 4. / 98 Read more »

Best air fryers available for under €100 in Amazon's Big Spring SaleWe've scoured the Amazon sale to find the best air fryers as rated by customers - ranging from €35.99 to €92
Source: IrishMirror - 🏆 4. / 98 Read more »

'A big difference': Homeless people urged to vote in local electionsHomeless people turning out to vote in this summer’s local elections could make a “big difference” to the issue, a charity has said.
Source: NewstalkFM - 🏆 19. / 55 Read more »