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Amazon boosts Anthropic investment to $4bn, surpassing OpenAI

Financial Times — March 27, 2024, 09:00 PM UTC

Summary: Amazon has increased its investment in AI start-up Anthropic by $2.75bn, totaling $4bn. Anthropic is also raising funds from venture capitalists, potentially reaching a valuation of over $18bn. Microsoft leads in generative AI with a $13bn investment in OpenAI. Anthropic's latest model, Claude 3, outperforms OpenAI's GPT4. Venture capital investors are expected to commit at least $750mn to Anthropic. Abu Dhabi's Mubadala bought FTX's stake for $500mn.

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