Business News Report
September 25, 2023

Amazon Invests $4 Billion in AI Startup Anthropic, Expands Cloud Partnership

Amazon Invests $4 Billion in AI Startup Anthropic, Expands Cloud Partnership

Amazon has pledged a $4 billion investment in AI startup Anthropic to streamline development of cutting-edge AI foundation models. The investment positions Amazon Web Services (AWS) as Anthropic’s primary cloud provider and allows Amazon developers to leverage state-of-the-art generative AI models.

The partnership also combines Anthropic’s safety research with AWS’s infrastructure expertise to provide secure and reliable AI solutions to AWS customers.

Under the agreement, AWS will become the primary cloud provider for mission-critical operations, offering Anthropic access to cutting-edge computing infrastructure, including AWS Trainium and Inferentia chips.

These resources will complement Anthropic’s existing solutions for model training and deployment, for collaborative advancements in Trainium and Inferentia technology.

In response to increasing demand from AWS customers for the AI chatbot Claude, Amazon is expanding support for Amazon Bedrock. The extension will enable secure customization and fine-tuning of models, helping enterprises enhance Claude’s performance by leveraging its specialized knowledge while mitigating potential risks.

Amazon developers can elevate their projects and enhance customer experiences throughout Amazon’s diverse portfolio by integrating generative AI capabilities from Amazon Bedrock’s models.

Amazon Bedrock is a managed service that provides foundation models (FMs) from Amazon and other top AI companies through an API, empowering users to choose the most fitting FM for their specific requirements.

Anthropic models find notable application on Amazon Bedrock. The company said that LexisNexis Legal & Professional utilizes a refined Claude 2 model for conversational search, insightful summarization, and intelligent legal drafting within their Lexis+ AI solution.

Likewise, Bridgewater Associates employed Claude 2 to create an investment analyst assistant proficient in generating complex financial charts and summaries.

Lonely Planet, the travel guide, has substantially lowered itinerary generation costs by deploying Claude 2, resulting in precise travel recommendations.

Amazon and Anthropic’s Focus on Responsible AI Development

Anthropic and Amazon said they are committed to the responsible development and deployment of advanced foundation models.

The commitment extends to promoting safety best practices on Amazon Bedrock and active participation in organizations like the Global Partnership on AI (GPAI), the Partnership on AI (PAI), and the National Institute of Standards and Technology (NIST) to shape the future of AI guided by safety, security, and trust.

As part of this investment, Amazon will hold a minority stake in Anthropic, with the corporate governance structure remaining intact. Anthropic’s Responsible Scaling Policy, which includes pre-deployment tests for new models, will continue to guide the company’s approach to AI development.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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