Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday.
The investment underscores how Big Tech companies are pouring money into AI as they race to capitalize on the opportunities that the latest generation of the technology is set to fuel.
Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captured global attention.
Foundation models, also known as large language models, are trained on vast pools of online information, like blog posts, digital books, scientific articles and pop songs to generate text, images and video that resemble human work.
Under the agreement, Anthropic is making Amazon its primary cloud computing service and using the online retail giant's custom chips as part of work to train and deploy its generative AI systems.
San Francisco-based Anthropic was founded by former staffers from OpenAI, the maker of the ChatGPT AI chatbot that made a global splash with its ability to come up with answers mimicking human responses.
Anthropic has released its own ChatGPT rival, dubbed Claude. The latest version, which is available in the U.S. and U.K., is capable of "sophisticated dialogue and creative content generation to complex reasoning and detailed instruction," the company said.
Amazon is scrambling to catch up with rivals like Microsoft, which invested $1 billion in OpenAI in 2019, followed by another multibillion-dollar investment at the start of year.
Amazon has been rolling out new services to keep up with the AI arms race, including an update for its popular assistant Alexa so users can have more human-like conversations and AI-generated summaries of product reviews for consumers.
DOC NYC Unveils Main Slate Lineup: 31 World Premieres; 24 Films Making Their U.S. Debut
DOC NYC--the documentary festival celebrating its 15th anniversary in-person November 13-21 at IFC Center, SVA Theatre and Village East by Angelika, and continuing online through December 1--has unveiled its main slate lineup. The 2024 festival presents more than 110 feature-length documentaries (including yet-to-be-announced Short List and Winner’s Circle titles) among over 200 films and dozens of events, with filmmakers expected in person at most screenings.
Opening the festival on Nov. 13 at SVA Theater will be the U.S. premiere of Sinead O’Shea’s inspiring portrait Blue Road--The Edna O’Brien Story, a breakout hit from the recent Toronto International Film Festival that honors the legendary Irish writer, who passed away just a few months ago at the age of 93.
Closing the festival on Nov. 21, also at SVA Theatre, will be the world premiere of Peter Yost and Michael Rohatyn’s Drop Dead City--New York on the Brink in 1975, a look back at the circumstances and players involved in NYC’s mid-70s financial crisis. The festival’s Centerpiece screening on Nov. 14 at Village East is the World premiere of Ondi Timoner’s All God’s Children (also part of the festival’s U.S. Competition), a chronicle of a Brooklyn rabbi and Baptist pastor who join forces to create greater unity between their two communities, against all odds.
Included are 31 world premieres and 24 U.S. premieres, with eight of those presented in the U.S. Competition, for new American-produced nonfiction films, and another eight featured in International Competition, for work from around the globe. The Kaleidoscope Competition for new essayistic and formally adventurous documentaries continues, while the festival’s long-standing Metropolis... Read More