Amazon on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in its effort to compete with growing cloud rivals on artificial intelligence. In a joint interview, the CEOs of Amazon’s cloud division and Anthropic said the immediate investment will be $1.25 billion, with either party having the authority to trigger another $2.75 billion in funding by Amazon.
Source: Amazon steps up AI race with up to $4 billion deal to invest in Anthropic