Amazon doubles down on AI startup Anthropic with another $4 bln

Amazon.com pumped another $4 billion into OpenAI competitor Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative artificial intelligence technology.

This doubles Amazon’s investment in the firm known for its GenAI chatbot Claude, but it remains a minority investor, the startup said on Friday. Similar to Amazon’s previous $4 billion investment, it comes in the form of convertible notes and comes in phases, first at $1.3 billion.