Amazon adds $2.75 billion investment in AI startup Anthropic

ChainCatcher news, Amazon (AMZN.O) is making its largest external investment in its 30-year history, hoping to gain an edge in the artificial intelligence race. The tech giant announced that it will invest an additional $2.75 billion to support the AI startup Anthropic, whose foundation model and chatbot Claude can compete with OpenAI and ChatGPT.

The two companies announced an initial investment of $1.25 billion in September, at which time they stated that Amazon would invest up to $4 billion. Wednesday's news marks Amazon's provision of a second round of funding. Anthropic previously launched its latest AI model Claude 3, which the company claims is the fastest and most powerful AI model to date.