Amazon Invests $4 Billion in AI Startup Anthropic for Advanced Foundation Models
Luisa Crawford Sep 26, 2023 13:15
Amazon and AI startup Anthropic have entered into a $4 billion investment agreement to develop advanced foundation models. The collaboration will provide Anthropic with AWS resources and allow Amazon to build on Anthropic's AI models. Both companies are committed to AI safety and responsible scaling.
Key Takeaways
Amazon to invest up to $4 billion in Anthropic.
Anthropic gains access to AWS Trainium and Inferentia chips.
Amazon acquires a minority stake in Anthropic; governance remains unchanged.
Collaboration aims to advance AI safety and research.
Strategic Investment and Collaboration
Anthropic, an artificial intelligence (AI) startup, announced on September 25, 2023, a significant investment and collaboration agreement with Amazon. Amazon will invest up to $4 billion in Anthropic as part of a broader initiative to develop reliable and high-performing foundation models. The investment will provide Anthropic with access to Amazon Web Services (AWS) Trainium and Inferentia chips, which will be used for model training and deployment.
Technological Synergy
The collaboration will also allow Amazon developers to build on top of Anthropic's state-of-the-art models via Amazon Bedrock. This platform will enable the integration of generative AI capabilities into existing Amazon applications and the creation of new customer experiences. Anthropic's founding team includes alumni from OpenAI, which is notably backed by Microsoft and known for developing the widely-used AI chatbot, ChatGPT.
AI Safety and Governance
As part of the investment, Amazon will acquire a minority stake in Anthropic. The startup's corporate governance structure will remain unchanged, overseen by the Long Term Benefit Trust in accordance with its Responsible Scaling Policy. Both companies are committed to the safe training and deployment of advanced foundation models and are actively engaged in organizations like the Global Partnership on AI (GPAI), the Partnership on AI (PAI), and the National Institute of Standards and Technology (NIST).
Impact on Industries
Enterprises across various sectors are already leveraging Anthropic models on Amazon Bedrock. For instance, LexisNexis Legal & Professional is using a custom Claude 2 model for conversational search and intelligent legal drafting. Asset management firm Bridgewater Associates is developing an investment analyst assistant powered by Claude 2. Travel publisher Lonely Planet has reduced its itinerary generation costs by almost 80% after deploying Claude 2.
Future Prospects
The collaboration aims to responsibly scale the adoption of Claude and advance safe AI in the cloud. The investment will ensure that Anthropic is well-equipped to continue advancing the frontier of AI safety and research, benefiting organizations worldwide.
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