"Amazon has invested a further $4bn in artificial intelligence start-up Anthropic, doubling its total investment in the company to $8bn, as Big Tech’s race to dominate the generative AI sector intensifies.

The deal will be Amazon’s biggest-ever venture investment, after it committed an initial $1.25bn in the San Francisco based-group in September last year, increasing that to $4bn at the end of March.

The funding is one of a number of investment partnerships struck between AI start-ups and so-called hyperscalers, or large cloud service providers, over the past year.

Microsoft has invested more than $13bn in OpenAI, while backing French AI start-up Mistral and Abu Dhabi-based G42. Google has a deal with Cohere, where it provides cloud infrastructure to train the Canadian start-up’s AI software."

#BigTech #AI #GenerativeAI #Amazon #Anthropic #Claude #AIHype #AIBubble https://www.ft.com/content/01da4ed8-0371-44b0-a07d-63e07f32939e?accessToken=zwAGJ4gMPHB4kc8B2k7YA3FEsNOgfWPgfzKTng.MEUCIEemZS1iNhS7o9sZbigOlwWOUr2OQ6N0uZNa8a3nZnu0AiEAhqSWGs1Cu7Xbn_YV-Uf25mAVjE1sp8Z5Kw1PATDzp4I&sharetype=gift&token=7bb8c695-211d-415e-aec5-53b5d9dfe018