Amazon doubles investment in AI company

» Published: November 23 2024

Amazon doubles investment in AI company
Photo: Michel Euler/AP/TT

Amazon is doubling its investment in AI company Anthropic to a total of 8 billion dollars, the IT giant announced on Friday.

Amazon remains a minority investor in Anthropic, since the company invested 4 billion dollars – equivalent to approximately 44 billion kronor – in the AI company at the end of last year and became its primary provider of cloud services.

Amazon is now investing an additional 4 billion dollars as part of an expanded collaboration that includes optimization of machine learning, according to the companies.

The announcement comes a few days after the British competition authority gave Google's parent company Alphabet the green light for investments of 2 billion dollars in Anthropic – after determining that Alphabet had not acquired "significant influence" over the AI company as a result of the deal.

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By TTThis article has been altered and translated by Sweden Herald

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