The cloud computing giant won’t dislodge the incumbent anytime soon but is hoping to reduce its reliance on the chipmaker.

Amazon is doubling its investment in Anthropic. The e-commerce giant will provide Anthropic with an additional $4 billion in funding on top of the $4 billion it committed last year. Although Amazon remains a minority investor,

Amazon has increased its investment in AI startup Anthropic with an additional $4bn, taking the e-commerce giant’s total investment to $8bn. With the latest funding, Amazon will remain a minority investor in the AI company.

Amazon is going to invest another $4 billion in Anthropic – the AI startup, which is biting at the heels of OpenAI and Google’s Gemini

Amazon.com pumped another $4 billion into OpenAI competitor Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative artificial intelligence technology.

Amazon, which is Anthropic’s primary cloud partner, is fiercely competing with Microsoft and Alphabet’s Google to offer AI-powered tools for its cloud customers.

Amazon.com Inc. is investing an additional $4 billion in artificial intelligence startup Anthropic, boosting its stake in one of OpenAI’s chief rivals.

Amazon (AMZN, Financial) has upped its bet on Anthropic, an AI company, by pumping in another $4 billion, bringing the total amount invested to $8 billion. This investment will be made progressively through convertible notes,

Amazon invests an additional $4 billion in AI startup Anthropic, totaling $8 billion, enhancing collaboration on generative AI services.

It seems every major tech company is making larger and larger moves that focus on Artificial Intelligence. Apple’s Partnership with OpenAI to run on the Pro Models of their most recent devices, Microsoft’s Copilot and OpenAI integration,