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Amazon Invests £3.3bn in AI Firm Anthropic

In a significant development, Amazon has announced an investment of up to $4 billion (£3.3 billion) in San Francisco-based AI firm Anthropic.

This move comes as part of a broader agreement to advance AI safety and performance.

Amazon’s sizable investment in Anthropic is part of an extensive partnership to develop reliable, high-performing foundation models in the AI sector.

Amazon Web Services (AWS) will serve as Anthropic’s primary cloud provider for mission-critical tasks. Both companies will share expertise to develop future AWS Trainium and Inferentia chips technology.

According to Anthropic CEO Dario Amodei, “AWS’s Trainium chips” will unlock new possibilities for organisations to deploy Anthropic’s safe, cutting-edge AI systems.”

What’s in it for Enterprises?

Companies across various sectors are already benefitting from Anthropic’s foundation models through Amazon Bedrock, AWS’s fully managed service.

Firms like LexisNexis Legal & Professional and Bridgewater Associates employ customised Claude 2 models to optimise conversational search and financial analytics.

The travel publisher Lonely Planet has reportedly cut its itinerary generation costs by almost 80% after deploying Claude 2.

Claude the Anthropic’s ChatGPT Rival

Anthropic has developed Claude, a ChatGPT rival that stands out for its dialogue, content generation, and complex reasoning capabilities.

Amazon’s investment will significantly increase Claude’s computing power, allowing it to serve more extensive and complicated tasks. This initiative will make Claude’s advanced features widely accessible to AWS customers.

Both companies are taking a proactive stance on the responsible development and deployment of AI technologies.

Amazon and Anthropic have committed to safety best practices on Amazon Bedrock to ensure that AI technologies are used responsibly.

They have also supported a set of voluntary safety commitments led by the White House in July this year.

Amazon’s investment will result in a minority stake in Anthropic. However, the latter’s corporate governance structure remains unchanged, guided by its Responsible Scaling Policy. The investment will also aid in extensive research and training programs, boosting the development of AI safety and research.

Given the collective expertise of Amazon and Anthropic, this partnership is poised to set new standards in AI safety and utility.

The collaboration will likely lead to advanced, safe, and more accessible AI technologies, benefitting enterprises across various industries. It also raises questions about market competition, as this move closely mirrors Microsoft’s earlier tie-up with OpenAI.

With Amazon’s massive investment and Anthropic’s innovation in AI models, the stage is set for a safer and more efficient generation of AI technologies.

Rebecca Taylor

Rebecca is our AI news writer. A graduate of Leeds University with an International Journalism MA, she possesses a keen eye for the latest AI developments. Rebecca’s passion for AI, and with her journalistic expertise, brings insightful news stories for our readers.

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