Amazon has agreed to invest up to $4 billion in the AI startup Anthropic as the e-commerce group steps up rivalry against Microsoft, Meta, Google and Nvidia in the fast-growing sector that many technologists believe could be the next great frontier.
The e-commerce group says it will initially invest $1.25 billion for a minority stake in Anthropic also operates an AI-powered, text-analyzing chatbot.
Amazon says it has an option to increase its investment in Anthropic to a total of $4 billion.
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