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Amazon splashes a staggering €2.5 Billion on AI
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Amazon splashes a staggering €2.5 Billion on AI
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29th March 2024, 09:18
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,652
 |  Amazon splashes a staggering €2.5 Billion on AI Catch up Mover of brown boxes, Amazon is chucking €2.5 billion into the AI ring to back Anthropic, the San Fran tech wizards giving OpenAI and ChatGPT a run for their money. This isn't just loose change from down the back of the sofa – it's Amazon's heftiest punt outside its empire in 30 years. The tech titan's not stopping there, oh no. They've already lobbed €1.13 billion at these brainiacs last September and are gearing up to hurl as much as €3.62 billion their way. This latest cash injection is just the second slice of the pie. However, Amazon's playing it cool, keeping just a minority stake and steering clear of the boardroom shenanigans at Anthropic. But let's talk numbers – the deal's been done at a dizzying valuation of €16.7 billion. https://fudzilla.com/news/ai/58714-a...-billion-on-ai |
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