With up to $4 billion investment in Anthropic, Amazon steps up AI race

Amazon.com announced on Monday that it will spend up to $4 billion in cash in the well-known firm Anthropic.

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They chose not to disclose the startup’s increased valuation, which was previously estimated at more than $4 billion

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The arrangement struck on Monday may result in a rise in demand for Amazon’s products, particularly chips supporting AI.

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