May 13, 2024
Investment

Amazon Expands Investment in AI Firm Anthropic to $4 Billion

Amazon made an additional $2.75 billion investment in Anthropic, bringing its total investment in the artificial intelligence company to $4 billion. The new investment joins the initial investment of $1.25 billion that Amazon made in September and completes the commitment the company promised at that time to invest up to $4 billion, according to a Wednesday (March 27) press release.

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Investors

FTX’s Stake in Anthropic Draws Sovereign Wealth Fund Investors

Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company has received interest from sovereign wealth funds, it ruled out taking money from Saudi Arabia due to national security concerns. The shares in Anthropic are being sold as part of FTX’s

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Investment

How ChatGPT And Billions In Investment Helped AI Go Mainstream In 2023

The hottest topic of 2023 was AI as billions of dollars in VC funding flowed into the sector and the industry grappled with critical questions about the technology’s place in society. getty 2023 was the year of AI. After ChatGPT launched in November 2022, it became one of the fastest growing apps ever, gaining 100

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