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.
Amazon (AMZN) said Wednesday that it has invested an additional $2.75 billion in Anthropic, completing a $4 billion deal with the artificial intelligence startup from late last year. Amazon stock edged higher in afternoon trades. X In a deal first announced in September, Amazon committed an initial $1.25 billion to Anthropic for an investment deal
(Bloomberg) — They may lack the pure-play allure of Nvidia Corp., but hardware firms that provide the infrastructure for artificial intelligence computing are becoming the next hot trade. Most Read from Bloomberg While the likes of Micron Technology Inc., Super Micro Computer Inc. and Dell Technologies Inc. have been rewarded for proven results, expectations are
Software firm Adobe (ADBE) on Tuesday introduced a new application powered by generative artificial intelligence that can serve as a single destination for advertising and marketing professionals. Adobe stock rose on the news. X At its Adobe Summit conference in Las Vegas, the company announced Adobe GenStudio. The application provides a virtual place for brands
Saudi Arabia’s reported $40 billion artificial intelligence (AI) investment fund represents a leap to redefine the Middle East’s role in the global technology landscape. The fund is part of a trend of Middle Eastern countries scrambling to position themselves as leaders in the global AI race. The vast investments underscore AI’s potential to reshape industries
In this article, we discuss 10 best tech and disruptive ETFs to buy. If you want to skip our discussion on the tech landscape, head over to Investing in Innovation: 5 Best Tech and Disruptive ETFs. High inflation, rising interest rates, and global uncertainties, resulting in softer consumer spending, reduced product demand, market capitalization declines,
BUCHAREST (Reuters) – A Romanian state agency for rural investments is using artificial intelligence to help farmers apply for European Union funds, it said on Monday, a first in one of the EU’s least developed digital economies. The Agency for Financing Rural Investments (AFIR) told Reuters it began using robots from software automation company UiPath
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
A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. In health care, Roundhill Investments is getting ready to launch a fund that focuses on the companies behind GLP-1 drugs. Dave Mazza, the firm’s chief strategy officer, expects to have more information on the fund’s debut
Nvidia (NVDA) late Monday previewed its next-generation artificial intelligence computing platform, Blackwell, and highlighted how it is helping to infuse AI technology into industries spanning health care, manufacturing and more. Nvidia stock rose ahead of the news. X In a two-hour keynote presentation at the Nvidia GTC 2024 conference in San Jose, Calif., Chief Executive