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Read moreAmazon May Increase Investment in Anthropic, Subject to Specific Conditions
Amazon is reportedly considering a significant increase in its investment in Anthropic, a competitor to OpenAI.
Insiders reveal that Amazon is negotiating with Anthropic to invest several hundred million dollars, marking Amazon's first financial commitment to the company since their $4 billion deal last year. This investment mirrors the previous structure but includes a unique condition: Amazon wants Anthropic to utilize its AWS-hosted silicon chips developed by Amazon for training its artificial intelligence.
However, Anthropic prefers using Nvidia chips. Despite this, the funding offer may still be highly attractive. Reports indicate that Anthropic anticipates its 2024 funding expenditure to exceed $2.7 billion as it trains and scales its AI products. Sources say that Anthropic has been discussing a new funding round at a $40 billion valuation for several months, highlighting the company's urgent need to secure a financing agreement promptly.
To date, Anthropic has raised $9.7 billion, nearly half of the $21.9 billion raised by OpenAI.
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Read moreGoogle Expands Pentagon AI Access Following Anthropic's Refusal
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