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Day: March 30, 2024

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Amazon

Amazon takes $2.75 billion plunge into Anthropic

Amazon announced a colossal $2.75 billion investment in AI startup Anthropic. Anthropic’s Claude 3 Opus is officially the most powerful LLM on the planet, marginally usurping heavyweight GPT-4 on the LMSys leaderboard. Anthropic has received billions in funding from numerous sources, including Amazon and Google, becoming the chief rival to  OpenAI.   Amazon is now shoveling coal in Anthropic with a new influx of funds, adding to the company’s previous $1.25 billion investment. This brings its total commitment to a staggering $4 billion. This deal, valued based on Anthropic’s last $18.4 billion valuation, is one of the biggest bets of the

The post Amazon takes $2.75 billion plunge into Anthropic appeared first on DailyAI.

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