Amazon to invest an additional $4 billion in AI startup Anthropic
3 months, 3 weeks ago

Amazon to invest an additional $4 billion in AI startup Anthropic

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Amazon is investing an additional $4 billion in the artificial intelligence startup Anthropic as major technology companies rush to fund generative AI. Under the deal, Amazon said the San Francisco-based Anthropic will now name Amazon’s cloud computing unit, Amazon Web Services, as its “primary training partner.” It will also use two AWS chips to train and deploy its future foundational models, the advanced systems that underpin general-purpose AI services like ChatGPT and Google’s Bard chatbot. However, Amazon got some good news in September when Britain’s competition watchdog said Anthropic's revenue and its combined market share with Amazon in Britain were not big enough to require an in-depth investigation under the country’s merger rules.

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History of this topic

Amazon's AWS forms new group focused on agentic AI
2 weeks, 2 days ago

Amazon's AWS forms new group focused on agentic AI

The Hindu  

Amazon.com has formed a new group focused on agentic artificial intelligence, according to an internal email viewed by Reuters on Tuesday. The new group will be led by AWS executive Swami Sivasubramanian, the email, from AWS CEO Matt Garman, said. "Agentic AI has the potential to be the next multi-billion business for AWS," Garman wrote. "We have the opportunity to …

AI firm Anthropic valued at $61.5 billion in funding round
2 weeks, 3 days ago

AI firm Anthropic valued at $61.5 billion in funding round

The Hindu  

Anthropic on Monday announced it has raised $3.5 billion in a funding round that valued the artificial intelligence startup at $61.5 billion. The funding round was led by Lightspeed Venture Partners, and the list of those taking part included Salesforce Ventures, Fidelity Management, and Bessemer Venture Partners, according to Anthropic. Along with Claude 3.7 Sonnet, the San Francisco-based company made …

Amazon Web Services to invest $8.2 billion in India in the next 4-5 years: IT minister Ashwini Vaishnaw
2 weeks, 4 days ago

Amazon Web Services to invest $8.2 billion in India in the next 4-5 years: IT minister Ashwini Vaishnaw

India Today  

Amazon Web Services, Amazon’s cloud computing arm, is planning to invest approximately $8.2 billion in Maharashtra over the coming years, the Ministry of Electronics and Information Technology announced on Monday. At its annual Smbhav event in December 2024, Amazon India’s country manager Samir Kumar announced that in four years, Amazon would be able to “digitise 10 million small businesses”, and …

Donald Trump’s ‘investment announcement’ coming at 12:00 am IST—What could it be?
2 weeks, 4 days ago

Donald Trump’s ‘investment announcement’ coming at 12:00 am IST—What could it be?

Live Mint  

US President Donald Trump is set to make an "investment announcement" at 1:30 p.m. TSMC’s growing investment in the US TSMC has been ramping up its US semiconductor production: In April, the company increased its planned U.S. investment to $65 billion, adding a third factory in Arizona by 2030. Major tech investments since Trump's return to office Since Trump's second …

Anthropic close to $3.5 billion fundraise, sources say
3 weeks, 3 days ago

Anthropic close to $3.5 billion fundraise, sources say

The Hindu  

AI startup Anthropic is seeking $3.5 billion in a funding round that would value it at $61.5 billion, two sources familiar with the matter told Reuters on Monday. The startup behind the Claude chatbot could receive backing from venture firms Lightspeed Venture Partners, General Catalyst and Bessemer Venture Partners, the sources said. The funding round would be larger than the …

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
3 weeks, 4 days ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand …

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
3 weeks, 4 days ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand …

OpenAI board rejects Elon Musk's $97.4 billion proposal
Trending News
1 month, 1 week ago

OpenAI board rejects Elon Musk's $97.4 billion proposal

Deccan Chronicle  

OpenAI says its board of directors has unanimously rejected a $97.4 billion takeover bid by Elon Musk.“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition," said a statement Friday from Bret Taylor, chair of OpenAI's board.OpenAI attorney William Savitt in a letter to Musk's attorney Friday said the proposal “is …

OpenAI board ‘unanimously’ rejects Elon Musk’s $97.4 billion bid for company
1 month, 1 week ago

OpenAI board ‘unanimously’ rejects Elon Musk’s $97.4 billion bid for company

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The board of OpenAI unanimously rejected Elon Musk's $97.4 billion takeover bid, declaring …

Google’s ex-CEO Eric Schmidt urges open source AI models as DeepSeek looms
1 month, 1 week ago

Google’s ex-CEO Eric Schmidt urges open source AI models as DeepSeek looms

The Hindu  

Former Google CEO Eric Schmidt called for the development of open-source AI models, as U.S.-based AI firms reassess their model development plans following the entry of China’s DeepSeek R1, which was developed at a fraction of its rivals’ costs. Schmidt warned that unless action was taken, China would ultimately become an “open-source leader” while the rest of the world would …

Anthropic sees revenue potentially soaring to $34.5 billion in 2027: Report
1 month, 1 week ago

Anthropic sees revenue potentially soaring to $34.5 billion in 2027: Report

The Hindu  

Anthropic projects its revenue could reach as high as $34.5 billion in 2027, technology news website The Information reported on Wednesday, with the AI startup racing to catch up with Microsoft-backed OpenAI. In a base case scenario, Anthropic said revenue would reach $12 billion in 2027, up from $2.2 billion in 2025, the report said. The company told investors it …

‘Scam Altman’: Elon Musk calls out OpenAI CEO for mocking $97.4 billion takeover bid
1 month, 1 week ago

‘Scam Altman’: Elon Musk calls out OpenAI CEO for mocking $97.4 billion takeover bid

Firstpost  

In true Musk fashion, Elon later posted a clip of Altman’s US Senate hearing from May 2023, where Altman claimed he held no equity in OpenAI and was driven solely by goodwill. On Monday, a group of investors led by Elon Musk made a $97.4 billion offer to acquire control of OpenAI’s nonprofit arm. Musk retorted by calling Altman a …

Elon Musk-led group’s $97.4 billion bid for control of nonprofit OpenAI raises stakes in AI battle with Sam Altman
1 month, 1 week ago

Elon Musk-led group’s $97.4 billion bid for control of nonprofit OpenAI raises stakes in AI battle with Sam Altman

Live Mint  

A consortium led by Elon Musk has offered $97.4 billion to buy the nonprofit that controls Sam Altman-led OpenAI, in what has became the billionaire's latest move to block the start-up's transition into a for-profit company, according to a Reuters report. We will make sure that happens.” After news of the bid hit, Sam Altman took to Elon Musk owned …

Elon Musk’s USD 97 billion offer for OpenAI, rejected by Sam Altman
Top News
1 month, 1 week ago

Elon Musk’s USD 97 billion offer for OpenAI, rejected by Sam Altman

India TV News  

Tech billionaire Elon Musk has once again made headlines by offering USD 97 billion to buy OpenAI, the AI company he co-founded but later sued. However, CEO Sam Altman swiftly rejected the proposal, reportedly responding with a firm “No, thank you.” In a cheeky rebuttal, Altman took to Musk’s platform, X, and quipped, "No thanks, but we’d be willing to …

Elon Musk-led group submits $97.4 b bid for OpenAI
1 month, 1 week ago

Elon Musk-led group submits $97.4 b bid for OpenAI

China Daily  

SAN FRANCISCO -- A team of investors led by Elon Musk submitted a $97.4 billion bid to buy the non-profit that controls OpenAI, the Wall Street Journal reported on Monday. This combination of pictures created on Dec 27, 2024 shows Sam Altman, CEO of OpenAI, and Elon Musk. In November 2024, Musk's legal team filed a motion for an injunction …

Elon Musk-led group proposes buying OpenAI for $97.4 billion. OpenAI CEO says ‘no thank you’
Trending News
1 month, 1 week ago

Elon Musk-led group proposes buying OpenAI for $97.4 billion. OpenAI CEO says ‘no thank you’

Associated Press  

A group of investors led by Elon Musk is offering about $97.4 billion to buy the nonprofit behind OpenAI, escalating a dispute with the artificial intelligence company that Musk helped found a decade ago. OpenAI CEO Sam Altman quickly rejected the unsolicited bid on Musk’s social platform X, saying, “no thank you but we will buy Twitter for $9.74 billion …

Elon Musk-led group makes $97.4bn bid for OpenAI
1 month, 1 week ago

Elon Musk-led group makes $97.4bn bid for OpenAI

Al Jazeera  

Musk’s bid could ratchet up longstanding tensions with OpenAI CEO Sam Altman over the future of the startup. Musk’s bid, revealed on Monday, could ratchet up longstanding tensions with OpenAI CEO Sam Altman over the future of the startup at the heart of a boom in generative AI technology. “We will make sure that happens.” OpenAI, Musk, Musk’s lawyer Marc …

OpenAI co-founder Sutskever's SSI in talks to be valued at $20 billion: Report
1 month, 1 week ago

OpenAI co-founder Sutskever's SSI in talks to be valued at $20 billion: Report

The Hindu  

Safe Superintelligence, an artificial intelligence startup co-founded by OpenAI's former chief scientist Ilya Sutskever last year, is in talks to raise funding at a valuation of at least $20 billion, four sources told Reuters. That would quadruple the company's $5 billion valuation from its last funding round in September, when it raised $1 billion from five investors including Sequoia Capital, …

Exclusive-OpenAI co-founder Sutskever’s SSI in talks to be valued at $20 billion, sources say
1 month, 2 weeks ago

Exclusive-OpenAI co-founder Sutskever’s SSI in talks to be valued at $20 billion, sources say

Live Mint  

By Kenrick Cai, Krystal Hu and Anna Tong - Safe Superintelligence, an artificial intelligence startup co-founded by OpenAI's former chief scientist Ilya Sutskever last year, is in talks to raise funding at a valuation of at least $20 billion, four sources told Reuters. That would quadruple the company's $5 billion valuation from its last funding round in September, when it …

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China
Trending News
1 month, 2 weeks ago

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China

Firstpost  

Amazon, Microsoft, and Alphabet each saw sharp stock declines following their fourth-quarter earnings reports, which revealed steep increases in AI-related capital spending. Microsoft and Google’s market values dropped by $200 billion as their cloud divisions reported weaker growth Microsoft CEO Satya Nadella reaffirmed his commitment to spending $80 billion to expand Azure, emphasising the importance of capitalising on its early …

Amazon share price drops after key division misses earnings as investors get ‘jitters’ over AI spending
1 month, 2 weeks ago

Amazon share price drops after key division misses earnings as investors get ‘jitters’ over AI spending

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tech giant Amazon has seen …

Tech giants double down on their massive AI spending
1 month, 2 weeks ago

Tech giants double down on their massive AI spending

Live Mint  

Tech giants projected tens of billions of dollars in increased investment this year and sent a stark message about their plans for AI: We’re just getting started. “We think virtually every application that we know of today is going to be reinvented with AI inside of it," Amazon Chief Executive Andy Jassy said on Thursday’s earnings call. Here is a …

AI is Wall Street’s modern gold rush. Here’s how investors are placing their bets.
1 month, 2 weeks ago

AI is Wall Street’s modern gold rush. Here’s how investors are placing their bets.

Live Mint  

Artificial-intelligence evangelists such as Sam Altman want to reshape the world, but they need mountains of money to do it. Here’s a look at some of the big financial bets being placed in the new digital economy: Blue Owl builds a Stargate Stargate, a joint venture between Altman’s Open AI, Oracle and SoftBank, will start with a data center in …

SoftBank eyes $40 billion OpenAI investment as US-China AI race heats up: Report
1 month, 3 weeks ago

SoftBank eyes $40 billion OpenAI investment as US-China AI race heats up: Report

Live Mint  

Masayoshi Son-led SoftBank Group is in talks to lead a funding round of up to $40 billion in ChatGPT maker OpenAI at a valuation of $300 billion, according to a Reuters report. News of the funding comes as a new Chinese AI startup, DeepSeek, has overtaken ChatGPT as the top free app on US app stores, shattering notions of American …

Richest men lose billions in tech stock rout as Chinese chatbot sparks fears West could fall behind in AI arms race
1 month, 3 weeks ago

Richest men lose billions in tech stock rout as Chinese chatbot sparks fears West could fall behind in AI arms race

Daily Mail  

Some of the world’s richest men suffered a multi-billion-pound hit to their wealth yesterday in a rout of global tech stocks. The plunge came as a new Chinese chatbot sparked panic that the West could fall behind in the artificial intelligence arms race. One of the biggest losers was Nvidia boss Jensen Huang after shares in the computer chips maker, …

Trump highlights partnership investing $500 billion in AI
2 months ago

Trump highlights partnership investing $500 billion in AI

Associated Press  

▶ Follow live updates on President Donald Trump’s return to Washington WASHINGTON — President Donald Trump on Tuesday talked up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for …

French AI Champion Mistral Isn’t for Sale, CEO Mensch Says
2 months ago

French AI Champion Mistral Isn’t for Sale, CEO Mensch Says

Live Mint  

-- European artificial intelligence champion Mistral AI is “not for sale” and instead is working toward an initial public offering, according to Chief Executive Officer Arthur Mensch. “Of course that’s the plan,” Mensch said on Bloomberg TV Tuesday when asked about a potential IPO for the French AI startup. Last year, it raised €600 million from investors including General Catalyst, …

OpenAI, valued at $157 billion, isn't profitable. Should that be normal?
2 months ago

OpenAI, valued at $157 billion, isn't profitable. Should that be normal?

Salon  

OpenAI, as you likely know, is one of tech’s biggest unicorns. We need your help to stay independent Subscribe today to support Salon's progressive journalism In a 6,000-word Q&A with Altman, Bloomberg inquired how the company prices "technology that’s never existed before." "What if equity value has nothing to do with current or future profits, and instead is derived from …

Mira Murati’s AI Startup Makes First Hires, Including Former OpenAI Executive
55 years, 2 months ago

Mira Murati’s AI Startup Makes First Hires, Including Former OpenAI Executive

Wired  

Jonathan Lachman, the previous head of special projects at OpenAI, recently left to join a new artificial intelligence research lab founded by former OpenAI executive Mira Murati, according to two people familiar with the discussions. It’s the most high-profile hire Murati has made since leaving OpenAI in September last year to start the much-hyped venture, which is focused on the …

Musk asks state AGs to auction off OpenAI stake in nonprofit restructuring: Report
2 months, 1 week ago

Musk asks state AGs to auction off OpenAI stake in nonprofit restructuring: Report

The Hindu  

A lawyer for billionaire Elon Musk has asked attorney generals in the states of California and Delaware to push OpenAI to auction a major stake in its business to decide fair value of its charitable asset during its corporate restructuring, sources familiar with the matter told Reuters on Thursday. Musk's attorney Marc Toberoff sent a letter to the states' top …

‘Salesforce invests $500 million in AI innovation’
Trending News
2 months, 1 week ago

‘Salesforce invests $500 million in AI innovation’

The Hindu  

U.S.-based cloud software firm Salesforce on Thursday said its investment arm, Salesforce Ventures, in the last 18 months has deployed $500 million, half of the $1 billion it committed for AI innovation globally. Although the company didn’t disclose how much of these funds have come to AI start-ups in India, Salesforce chairperson and CEO Arundhati Bhattacharya said India was critical …

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development
2 months, 1 week ago

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development

The Hindu  

Amazon.com said on Tuesday that its cloud computing division, Amazon Web Services, plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies. Big Tech companies are pouring billions into artificial intelligence, highlighting the growing need for robust data centers and advanced infrastructure to support AI-driven innovations and cloud services. This surge …

AI startups drive VC funding resurgence, capturing record U.S. investment in 2024
2 months, 1 week ago

AI startups drive VC funding resurgence, capturing record U.S. investment in 2024

The Hindu  

Artificial intelligence startups have contributed significantly to the recovery of U.S. venture capital funding from market lows, with the total capital raised in 2024 nearly 30% higher year-on-year, according to PitchBook data released on Tuesday. AI startups also captured a record 46.4% of the total $209 billion raised last year, compared to less than 10% a decade earlier. The enthusiasm …

Anthropic to raise $2 billion in deal valuing AI startup at $60 billion: Report
2 months, 1 week ago

Anthropic to raise $2 billion in deal valuing AI startup at $60 billion: Report

The Hindu  

AI startup Anthropic is in advanced talks to raise $2 billion in a deal valuing the OpenAI rival at $60 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Amazon.com late last year doubled its investment in the startup to $8 billion, as the e-commerce giant went up against Big Tech rivals in a race …

AI Startup Funding Hit a Record $97 Billion in 2024
Trending News
2 months, 2 weeks ago

AI Startup Funding Hit a Record $97 Billion in 2024

Live Mint  

-- Venture capitalists put $97 billion into artificial intelligence startups in the US last year — a new record in a year of multibillion-dollar megarounds for companies like Elon Musk’s xAI, OpenAI and Anthropic. Almost half of the total $209 billion raised by US startups last year went to AI companies, the research firm said, the highest portion on record. …

Elon Musk created for-profit structure for OpenAI; Sam Altman’s startup hits back at Tesla CEO
3 months, 1 week ago

Elon Musk created for-profit structure for OpenAI; Sam Altman’s startup hits back at Tesla CEO

Live Mint  

San Francisco-based OpenAI has added a new twist to its ongoing controversy with Elon Musk by releasing a list of emails on its website claiming that the Tesla CEO wanted a for-profit structure for the startup. OpenAI shared documents showing that Elon Musk instructed his wealth manager, Jared Birchall, to register a company called "Open Artificial Intelligence Technologies, Inc.", which …

OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship'
3 months, 1 week ago

OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship'

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “OpenAI and Microsoft together exploiting Musk’s donations so …

After Amazon, Meta, Sam Altman-led OpenAI to donate $1mn to Trump's inaugural fund
Trending News
3 months, 1 week ago

After Amazon, Meta, Sam Altman-led OpenAI to donate $1mn to Trump's inaugural fund

Firstpost  

The donations from Altman, Amazon and Meta show a broader push by tech companies to navigate a changing political landscape Sam Altman's OpenAI has ledged $1 million to Trump's inaugural fund. Image Credit: Reuters, Reuters OpenAI CEO Sam Altman plans to make a $1 million personal donation to President-elect Donald Trump’s inauguration fund, after other tech leaders pledged a similar …

Sam Altman-led OpenAI targets 1 billion users by 2025 on the back of Apple partnership
3 months, 3 weeks ago

Sam Altman-led OpenAI targets 1 billion users by 2025 on the back of Apple partnership

Firstpost  

“If you get to that threshold, you’re competing with Google and Facebook,” a venture capital investor said OpenAI is aiming to reach 1 billion users by 2025 as it rolls out new artificial intelligence products, builds its own data centres, and strengthens its partnership with Apple. The San Francisco-based company, known for its ChatGPT chatbot with 250 million weekly active …

Elon Musk plans to launch a new chatbot to take on OpenAI: Report
3 months, 3 weeks ago

Elon Musk plans to launch a new chatbot to take on OpenAI: Report

Hindustan Times  

Elon Musk is planning to launch a new chatbot to further scale his artificial intelligence startup xAI and take on OpenAI which he also had co-founded, but left in 2018 due to a power struggle. This comes as a by-product of Musk pushing contractors to build Colossus, a massive new data centre in Memphis, Tennessee, in just 122 days with …

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development
3 months, 3 weeks ago

'This is what I was born to do': Masayoshi Son's SoftBank to invest another $1.5 billion into OpenAI for AI development

Hindustan Times  

SoftBank is planning to buy $1.5 billion worth of OpenAI stock as its CEO Masayoshi Son looks to position the Japanese group as an artificial intelligence leader. SoftBank CEO Masayoshi Son has also publicly expressed admiration for OpenAI co-founder and CEO Sam Altman and said he frequently talks to him Son is doing this with an ambitious AI plan of …

Amazon develops video AI model: Report
3 months, 3 weeks ago

Amazon develops video AI model: Report

The Hindu  

E-commerce giant Amazon has developed new generative artificial intelligence that can process images and videos in addition to text, making it less reliant on AI startup Anthropic, The Information reported on Wednesday. The development of the new AI model will help Amazon reduce its reliance on Anthropic's Claude chatbot, a popular offering on Amazon Web Services, the report said, citing …

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report
3 months, 3 weeks ago

OpenAI allows employees to sell $1.5 billion-worth of shares in new tender offer to SoftBank: Report

Live Mint  

ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round, according to CNBC, which …

OpenAI allows its employees to sell $1.5 billion stock to Masayoshi Son's SoftBank: Report
3 months, 3 weeks ago

OpenAI allows its employees to sell $1.5 billion stock to Masayoshi Son's SoftBank: Report

Hindustan Times  

ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. OpenAI logo is seen in this illustration taken on February 3 SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup …

Amazon Invests an Additional $4 Billion in AI Firm Anthropic
3 months, 3 weeks ago

Amazon Invests an Additional $4 Billion in AI Firm Anthropic

Deccan Chronicle  

Amazon is investing an additional $4 billion in artificial intelligence startup Anthropic, boosting its stake in one of OpenAI’s chief rivals. That deal included provisions that Anthropic use Amazon Web Services data centers for some of its computing needs, as well as AWS-designed AI chips. The latest investment “establishes AWS as our primary cloud and training partner,” Anthropic said in …

Amazon deepens AI push with additional $4 billion in OpenAI challenger Anthropic: All about the deal
Trending News
3 months, 3 weeks ago

Amazon deepens AI push with additional $4 billion in OpenAI challenger Anthropic: All about the deal

Live Mint  

Amazon is set to invest a further $4 billion in Anthropic, a San Francisco-based artificial intelligence startup, as major technology firms continue to vie for dominance in the generative AI sector. Under the agreement, Anthropic will designate Amazon Web Services as its principal training partner for developing its foundational AI models—highly advanced systems that power general-purpose AI applications such as …

UK's Competition Authority approves Google's $2 billion investment in Anthropic
4 months ago

UK's Competition Authority approves Google's $2 billion investment in Anthropic

Firstpost  

Anthropic emphasises that it will remain independent despite major funding from Google. Google’s $2B investment includes non-voting shares and consultation rights, ensuring Anthropic retains control over its decisions The Claude AI assistant, developed by Anthropic, has emerged as a major competitor to Google’s own AI offering, Google Gemini. Image Credit: AFP Google’s substantial $2 billion investment in AI startup Anthropic …

AI investments are booming, but venture-firm profits are at a historic low
4 months ago

AI investments are booming, but venture-firm profits are at a historic low

Live Mint  

Silicon Valley’s venture-capital firms are having an easy time finding promising startups to back. Last year, U.S. venture firms returned $26 billion worth of shares back to their investors, the lowest amount since 2011, according to the data provider PitchBook. “We’ve raised a lot of money, and we’ve given very little back," Thomas Laffont, co-founder of investment firm Coatue Management, …

Anthropic, Palantir team up with Amazon to work together in creating AI for the US military
4 months, 1 week ago

Anthropic, Palantir team up with Amazon to work together in creating AI for the US military

Firstpost  

The surge in AI applications for national security highlights an era where public sector contracts are becoming a lucrative target for tech giants, with AI technology serving as the centrepiece of modern defence and intelligence strategies For companies hoping to gain a foothold in the public sector, having expertise in navigating complicated contracting requirements is a major advantage. Image Credit: …

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