Anthropic chief executive Dario Amodei
Audio By Carbonatix
Amazon said on Monday that Anthropic will spend more than $100 billion over the next 10 years on its cloud technologies, deepening its relationship as the AI startup rushes to secure capacity to bolster its models.
Amazon will also invest $5 billion in Anthropic now, and an additional $20 billion in the future, subject to certain commercial milestones. This is in addition to the $8 billion Amazon has previously invested in the company.
Anthropic is aiming to pull ahead in the AI race with a slew of model releases focused on coding and design, while Amazon seeks customers for its custom silicon chips built for artificial intelligence training and inference.
Amazon shares rose around 2.5% in extended trading.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
High Court quashes GTEC directive derecognising UNEM degrees
50 minutes -
Family demands independent probe into disappearance of newborn baby at Salaga Hospital
1 hour -
Al Qaeda-linked militants curb their brutality in seized Malian territory
1 hour -
Photos: How Accra West uses ‘aboboyaa’ to transport waste on muddy roads to McCarthy Hills dumpsite
2 hours -
Yaya Touré seals surprise new job with Champions League club
2 hours -
Anthropic suspends new AI tools over US government security concerns
2 hours -
New Somanya Methodist JHS to get major facelift
2 hours -
KNUST, NADMO begin dredging works after assessment reveals blocked stream and wetland encroachment
2 hours -
Ghanaian Mecca pilgrims back home after 2026 Hajj
3 hours -
Stakeholders unite in Ahafo Region to flash red card against child labour
3 hours -
Royal Family watch Red Arrows flypast on palace balcony
3 hours -
NAB Consulting announces completion of €250m structured finance facility for Niger
3 hours -
UG Vice Chancellor leads global push for better representation of African languages in AI revolution
3 hours -
World Vision partners Wa East Assembly to launch Children’s Parliament against child labour
3 hours -
Israel carries out air strikes on Lebanon, state media says, as Iran claims deal with US near
3 hours