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Amazon invests $2.75 billion in AI startup Anthropic

CNBC — March 27, 2024, 06:00 PM UTC

Summary: Amazon is investing $2.75 billion in Anthropic, a leading generative AI startup, adding to an initial $1.25 billion investment. Anthropic's valuation is $18.4 billion, with total funding exceeding $10 billion. The company's latest AI models outperform competitors like OpenAI and Google. Amazon's move is part of a trend among cloud providers to stay ahead in the AI race, with Microsoft and Google also making significant investments.

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