Amazon considers another multibillion-dollar investment in Anthropic, FT reports

Amazon considers another multibillion-dollar investment in Anthropic, FT reports

Main Image

<p>-

  • Amazon considers another multibillion-dollar investment in Anthropic, FT reports</p>

<p>July 10, 2025 at 6:09 AM</p>

<p>(Reuters) -Amazon is considering another multibillion-dollar investment in AI firm Anthropic to strengthen their strategic partnership, the Financial Times reported on Thursday, citing people with knowledge of the talks.</p>

<p>The e-commerce giant has considered expanding its investment beyond the $8 billion already committed in November last year, the report said.</p>

<p>Anthropic declined to comment on the report and Amazon didn't immediately respond to a Reuters request for comment. Reuters couldn't immediately verify the report.</p>

<p>Amazon pumped $4 billion into OpenAI competitor Anthropic in November last year in a bid to capitalize on the generative artificial intelligence technology. The move doubled Amazon's investment in the firm.</p>

<p>The investment under consideration will help Amazon retain its position as one of Anthropic's largest shareholders, ahead of Google which has invested over $3 billion, FT said.</p>

<p>"We quickly realised that we had many shared goals that were fundamentally critical. The size of the (existing investment) represents our ambition," Dan Grossman, vice-president of worldwide corporate development at Amazon told the newspaper.</p>

<p>Amazon is working to bolster its reputation in AI development, after rivals such as OpenAI and Google have taken an early lead, particularly with consumer-focused models.</p>

<p>Companies are also bolstering investments in AI and employing creative techniques to hire top AI talent.</p>

<p>(Reporting by Dheeraj Kumar in Bengaluru; Editing by Mrigank Dhaniwala)</p>

<a href="https://ift.tt/bmifBYn" class="dirlink-1">Orign Aricle on Source</a>


Source: AOL Money

Читать на сайте


Source: AsherMag


Full Article on Source: Astro Blog
#US #ShowBiz #Sports #Politics #Celebs

 

TREND MAG © 2015 | Distributed By My Blogger Themes | Designed By Templateism