Amazon Steps Up AI Arms Race With Anthropic Investment 9/25/23

TechCheck

CNBC

Disruptors, Cnbc, Investing, Tech, Management, Business, Technology, Faang

4.5 • 66 Ratings

🗓️ 25 September 2023

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amazon is investing up to $4 billion in startup Anthropic as it looks to stake a claim in the AI arms race. Both stand to benefit: Amazon, with a buzzy customer for its custom AI chips and a minority stake in one of the early applications of generative AI, while Anthropic gets a big backer and AWS’ compute power. This isn’t, however, the exclusive partnership with Microsoft and OpenAI inked earlier this year, since Anthropic already received a partnership and investment from Google in May.

Transcript

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0:00.0	Amazon investing up to 4 billion dollars in startup anthropic as it looks to
0:06.6	stake a claim in the AI arms race. I dear Dubos is watching that today for
0:10.8	Tech Check. Hi, D.
0:12.6	So Carl, this is how Big Tech maintains its lead in artificial intelligence.
0:18.5	Deals with the most promising startups in the space alongside their own efforts.
0:22.8	This deal though, it touches on both of those aims.
0:25.2	Anthropic will get the compute power that Amazon's cloud business provides that it so badly
0:29.7	needs.
0:30.7	That stuff is expensive.
0:31.7	Amazon gets a buzzy customer for its custom AI chips
0:34.8	and a minority stake in one of the earliest applications
0:38.1	of generative AI.
0:39.6	Now, Anthropic is known as the Open AI rival.
0:42.4	It was co-founded by veterans of that company, and it seems. Anthropic is known as the Open AI rival.
0:42.5	It was co-founded by veterans of that company
0:44.5	and it's seen as one of the hottest startups
0:46.9	in the space currently.
0:48.6	This isn't, however, the exclusive partnership
0:51.4	that Microsoft and Open AI
0:52.9	in earlier this year.
0:54.1	Anthropic already has a partnership with and investment from Google.
0:58.1	Now, at $4 billion, up to $4 billion from Amazon, this one,
	...

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