Hanno Labuschagne

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Amazon splurging another R52 billion on AI startup Anthropic

Amazon.com Inc. says it’s investing an additional $2.75 billion (R52.01 billion) in Anthropic, completing a deal it made last year to back the artificial intelligence startup and expand a partnership between the companies.

The infusion brings Amazon’s total investment in Anthropic, a well-regarded builder of AI tools able to generate text and analysis, to $4 billion (R75.7 billion), following an earlier investment announced in September.

[Bloomberg]
 
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